Owner of Livestock Wealth
ENTREPRENEUR: Ntuthuko Shezi creating a cash cow
The ‘crowd-farming’ founder has enjoyed great success in just two years, and he has ambitions to grow his business elsewhere in Africa
Crowdfunding has become a popular means of bringing people together to finance a cause. But Ntuthuko Shezi has taken the concept to a new level with Livestock Wealth, a company that enables people to participate in what he terms "crowd-farming".It’s a venture that has attracted enormous attention."We enable people who do not own land or have the skills to own cattle [to do so]," says Shezi."We call ourselves ‘professional herdsmen’."The concept is simple: investors buy a six-month-old calf, which is reared on one of three farms leased by Livestock Wealth. The process is fully transparent."Calf prices are published every week by Absa and Farmers Weekly," says Shezi.The latest going price is R7,476, to which investors add a monthly farming fee of R299, including full insurance. Each animal is linked to its owner by a unique number branded on it, says Shezi.When the animal is ready to be sold for slaughter at about 32 months — also at a freely available market price — the investor can ...
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