AquaHarvest Farms — Company Overview

AquaHarvest Farms will be registered as a private company (Pty) Ltd under the Companies Act 71 of 2008. The Company will be registered with the Companies and Intellectual Property Commission (CIPC) and will comply with all relevant regulatory requirements including SARS registration,…

Section 2 · Business Plan

Company Overview

2.1 Legal Structure

Detail	Description
Company Name	AquaHarvest Farms (Pty) Ltd
Registration	CIPC (pending)
Tax Number	To be registered with SARS
Industry Classification	SIC Code 0322 – Freshwater Aquaculture
VAT Registration	Mandatory (projected turnover > R1M)
B-BBEE Status	Level 2 (targeted)
Location	Bela-Bela, Limpopo Province
Financial Year-End	28 February

2.2 Founding Team

Mandla Khumalo – Chief Executive Officer

Mr Khumalo holds a Master’s degree in Agricultural Economics from the University of Pretoria and has 15 years of experience in agribusiness operations across Southern Africa. Previously, he served as Regional Director at a leading South African agricultural conglomerate, overseeing operations with annual revenues exceeding R200 million. He is responsible for overall strategic direction, investor relations, and stakeholder engagement.

Dr Elize Botha – Chief Operating Officer

Dr Botha holds a PhD in Aquaculture Science from Stellenbosch University and has published 12 peer-reviewed papers on tilapia genetics and RAS optimisation. She has 12 years of hands-on aquaculture experience, including managing a 200-tonne tilapia facility in Mpumalanga. She will oversee all production operations, biosecurity protocols, and quality assurance.

Sipho Dlamini, CA(SA) – Chief Financial Officer

Mr Dlamini is a qualified Chartered Accountant (SA) with 13 years of experience in financial management, including 5 years in agricultural supply chain finance at a Big 4 consulting firm. He holds an MBA from the University of Cape Town Graduate School of Business and will manage financial planning, treasury, regulatory compliance, and supply chain optimisation.

2.3 Shareholding Structure

Shareholder	Ownership %	B-BBEE Status	Role
Mandla Khumalo	40%	Black Male	CEO
Dr Elize Botha	35%	White Female	COO
Sipho Dlamini	15%	Black Male	CFO
Employee Share Trust	10%	Black (majority)	Staff Incentive

The shareholding structure yields a B-BBEE ownership score of approximately 65% black ownership (including the Employee Share Trust), positioning the Company favourably for government procurement contracts, grant applications, and supply agreements with JSE-listed retailers that prioritise B-BBEE compliant suppliers.

2.4 Vision, Mission & Values

Vision

To become Southern Africa’s leading sustainable tilapia producer, delivering premium-quality protein while creating meaningful employment and contributing to national food security.

Mission

To operate a world-class tilapia aquaculture facility that combines cutting-edge RAS technology with responsible farming practices, producing consistently high-quality fish for South African consumers and regional export markets.

Core Values

Excellence: Uncompromising commitment to product quality and operational efficiency
Sustainability: Environmental stewardship through water recycling, responsible feed sourcing, and minimal ecological impact
Empowerment: Meaningful B-BBEE transformation, local employment, and community development
Innovation: Continuous improvement through research partnerships and technology adoption
Integrity: Transparent governance, ethical business practices, and stakeholder accountability

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