Streaming issues? Report here
Temp 702 logo 1000 x 1000 2020 Temp 702 logo 1000 x 1000 2020
Best of 702
00:00 - 06:00
volume_up
volume_mute

Up Next: Weekend Breakfast with Refiloe Mpakanyane
See full line-up
Best of 702
00:00 - 06:00
Home
arrow_forward
Business

'Farmer Angus' lends money to staff to buy his egg business, boosted by Checkers

29 October 2020 11:28 AM
Tags:
Farming
Agriculture
Checkers
empowerment
regenerative agriculture
farmer angus
Angus McIntosh
Spier
Farmer Angus Eggs
free range

"We didn’t go to the bank. I vendor-financed it, forcing me to stay involved in the business," says Angus McIntosh (Farmer Angus).

Human beings are committing species wide suicide using agriculture as the weapon of choice. The world’s food production is in crisis and I have a plan to change that.

Angus McIntosh, founder - Farmer Angus

Angus McIntosh grew up on a farm in Kwa-Zulu Natal.

After studying Management Accounting at Stellenbosch University, he became a stockbroker for Goldman Sachs in London.

Four years on, after declining a promotion, he returned to South Africa and became a farmer on land he leases from the world-famous Spier outside of Stellenbosch.

“They are amazing landlords,” says McIntosh.

Empowering his staff

McIntosh sold 85% of his egg business to staff members (who kept the brand), providing the finance himself.

Unlike traditional finance deals, we didn’t go to a bank. I vendor-financed it… forcing me to stay involved in the business. Empowerment deals in agriculture often fail because previous owners walk away.

Angus McIntosh, founder - Farmer Angus
© khunaspix/123rf.com

A boost from Checkers

That egg business then got a huge boost from Checkers, who struck an interesting supply contract with it.

Farmer Angus Eggs will supply the retail giant’s flagship Constantia and Stellenbosch stores.

They [staff member owners] are going to start earning dividends soon!

Angus McIntosh, founder - Farmer Angus

We’re super-excited about this collaboration with Checkers… pushing regenerative agriculture… not destroying the land… it’s completely scalable.

Angus McIntosh, founder - Farmer Angus

McIntosh calls his eggs “beyond free-range”.

Chickens roam around the farm, spreading manure on the land, thereby naturally regenerating it.

For more detail, listen to the interview in the audio below.


This article first appeared on CapeTalk : 'Farmer Angus' lends money to staff to buy his egg business, boosted by Checkers


29 October 2020 11:28 AM
Tags:
Farming
Agriculture
Checkers
empowerment
regenerative agriculture
farmer angus
Angus McIntosh
Spier
Farmer Angus Eggs
free range

More from Business

gklj7crlgyrcoojoartmjpg

When it comes to funding, IDC keeps shifting goal posts - bemoans entrepreneur

4 December 2020 11:54 AM

IDC head of Corporate Affairs Tshepo Ramodibe explains why the funding application for Green Scooters was rejected.

Share this:
Read More arrow_forward

gepf-logo2png

Govt pension fund recovers from March year-end loss, assets at R1.9 trillion

3 December 2020 9:05 PM

Our long-term focus keeps us steady and we remain resilient says the Government Employees Pension Fund's Musa Mabesa.

Share this:
Read More arrow_forward

saa-planejpg

Govt looking to raise $400 million from sale of stake in bankrupt SAA - report

3 December 2020 7:23 PM

According to a report by Bloomberg News, the funds would be used to re-capitalize the reformed South African Airways.

Share this:
Read More arrow_forward

180124 Matshela Koko 2

'History will absolve us' - Former Eskom exec Matshela Koko at Zondo Commission

3 December 2020 6:38 PM

Various witnesses have implicated Matshela Koko in corruption, but he was his confident self before the State Capture Commission.

Share this:
Read More arrow_forward

myfanparkpng

Local celebrity platform myFanPark extends global reach with US merger

2 December 2020 8:49 PM

The platform offers anything from a personalised recipe from a celebrity chef to a virtual locker room huddle with a sports star.

Share this:
Read More arrow_forward

business-crisisjpg

Got a brand emergency? Call 'Ghostbusters for social media crises'

2 December 2020 8:08 PM

Well-known communicators Mike Stopforth and Victor Dlamini have partnered up to launch a 48-hour social media crisis consultancy.

Share this:
Read More arrow_forward

winning-numberspng

Lotto's consecutive number draw not 'dodgy': All combinations equally (un)likely

2 December 2020 7:23 PM

On Wednesday's PowerBall draw - It's when we see an obvious pattern that we get suspicious says statistics expert Johan Ferreira.

Share this:
Read More arrow_forward

covid-19 coronavirus economy 123rfbusiness 123rflifestyle 123rf recession

The Businesses that boomed in 2020

2 December 2020 7:15 PM

One of the worst years this century did not stop some industries from having their best year yet.

Share this:
Read More arrow_forward

business-closed-company-support-entrepreneur-owner-economy-123rf

'There's been no consultation' - Rasa will fight any stricter Covid restrictions

2 December 2020 6:40 PM

There's no scientific evidence the restaurant industry has contributed to the rising infection rate says Rasa's Wendy Alberts.

Share this:
Read More arrow_forward

Family Christmas holiday dinner festive season 123rflifestyle 123rf

Don't Worry, Be Merry: 'Checkers Xmas ad may be corny, but gets under your skin'

1 December 2020 8:44 PM

Checkers has given its own twist to Bobby McFerrin's 80s hit song. The TV campaign gets Andy Rice's advertising hero award.

Share this:
Read More arrow_forward