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R400,000 INCENTIVE FUELS COMMERCIALISATION AMBITIONS OF LADY FRERE’S YOUTH-OWNED COOPERATIVE

Eastern Cape Development Corporation (ECDC)Ref: https://www.ecdc.co.za/post/r400-000-incentive-fuels-commercialisation-ambitions-of-lady-frere-s-youth-owned-cooperative

Official source

Source domain: ecdc.co.za

Collected on 2 July 2026

Always confirm details on the official source before acting.

Our copy (archived 9 July 2026)Official source

What this means

The document reports that the Eastern Cape Development Corporation (ECDC) approved an incentive of R399,796 from its Imvaba Cooperative Fund to help Feeda Nathi Primary Agricultural Cooperative implement an irrigation scheme on a 50-hectare farm in Vaalbank, Lady Frere. The cooperative, owned by five youth farmers, already supplies several retailers and markets and employs 12 permanent and 18 seasonal workers. The incentive is described as enabling the cooperative to move from survival farming to commercial ambitions by strengthening production capacity.

Facts

Places

Eastern Cape, Buffalo City

Reference

https://www.ecdc.co.za/post/r400-000-incentive-fuels-commercialisation-ambitions-of-lady-frere-s-youth-owned-cooperative

Amounts

R 400, R 400

Key Takeaways

organization: Eastern Cape Development Corporation (ECDC)
incentive amount: R399,796 (listed as R399,796 or R400,000)
fund: Imvaba Cooperative Fund
beneficiary: Feeda Nathi Primary Agricultural Cooperative
location: Vaalbank, Lady Frere, Eastern Cape
farm size: 50 hectares (currently ~6 hectares used)
crops: cabbage, butternut, beetroot, large white pumpkins, green squash
markets: Pick n Pay Komani, SPAR Dordrecht, Umfundisi Queenstown, East London Fresh Produce Market
ownership: youth-owned cooperative, five members aged 26-33
employment: 12 permanent workers, 18 seasonal workers
date: document/news item published June 11, 2026