Hortfin, a blended-finance initiative dedicated to supporting South Africa’s deciduous fruit industry, recently celebrated its seventh anniversary.
Established in 2018 by the deciduous fruit and grape industries, the initiative aims to provide crucial financial assistance to emerging growers and businesses in the value chain, and to foster industry expansion, economic participation, and job creation.
Michael Brinkhuis, CEO of Hortfin, told Farmer’s Weekly that the company offered tailored debt and post-investment products, supporting emerging farmers in overcoming key financial barriers in the sector.
According to Brinkhuis, the initiative has partnered with government departments, development finance institutions, commercial banks, and industry organisations to build a loan portfolio of approximately US$24,5 million (about R451 million).
“Since its inception, Hortfin has assisted first-generation agribusinesses, facilitated the creation of over 2 000 jobs, supported the…