MWT Investments Pty Ltd t/a Compagniesdrift is a black empowerment business funded by the Myburgh Family Trust, Standard Bank and the Land Reform and Development Programme (LRAD) of the Department of Land Affairs.
The Myburgh Family Trust, owners of the world renowned Meerlust Wine Estate in Stellenbosch identified potential projects that would benefit their farm workers in a meaningful and economically viable way. With a long history of investing in their workforce through the Meerlust Foundation they wanted to build on this tradition. This culminated in a R45 million black empowerment business venture to realise this project. The companies involved, MWT Investments and Faure AgriVillage, are jointly owned (50% each) by the Myburgh Family Trust and the Meerlust Workers Trust, which is comprised of 72 people with long-standing relationships with the Meerlust, Vriesenhof and Ken Forrester farms in the area. The project affords these individuals an opportunity to obtain an interest through the Meerlust Workers Trust in the two companies which will conduct commercial farming as well as business ventures in partnership with Meerlust.
Tune in to channel 144 on Saturday, 1 April to hear more about this wonderful empowerment project.