Speciality Agriculture
BUSINESS TYPE Crocodile Farming
STAGE OF BUSINESS Existing
INDUSTRY OF OPERATION
- Crocodile Meat and Skins
- Leather Goods
- Luxury Goods and Retail
COUNTRY/REGION/CITY South Africa, Europe, Japan, Far East
PURPOSE OF BUSINESS PLAN
- Investor Funding Proposal
- Acquisition of Business by a BBBEE Consortium
- Grant Funding Application to the Department of Trade and Industry
LOAN AMOUNT R75 million
PROJECT OVERVIEW
Crocodile farming is not a new concept. There are two big buyers of crocodile skins in South Africa. The first manufacture products such as handbags and shoes and the other exports the skins to International markets, to clients such as Louis Vuitton, and Gucci. It’s a niche market and fewer than 10% of skins manufactured in South Africa are sold here. Wet skins are sold abroad. Roughly 90% are absorbed by fashion houses in Europe and Japan, and the lower grades end up in the Far East. There is great demand for Nile crocodile skin, although the industry is highly susceptible to changes in the economy. The Company is an established and successful commercial Crocodile Farm based in South Africa. From the purchasing of the land and inception of the farm in 1997 to its present operational status, the current Shareholder has more than 18 years’ experience in the industry.
