Crookes Brothers Limited (JSE:CKS)
Crookes Brothers Limited (JSE:CKS) is a southern African company with agricultural operations in the KwaZulu-Natal, Mpumalanga and Western Cape provinces of South Africa, as well as in Swaziland, Zambia and Mozambique.
The group specialises in the production of primary agricultural products, including sugar cane, bananas, deciduous fruit and macadamias. The group has also recently embarked on a long-term property development project at Renishaw (Scottburgh, KZN), which will unlock value from what was otherwise sub-optimal agricultural land.
The group has a proud history dating back more than 150 years as a pioneer in the development of the South African sugar cane industry. Its long-term sustainability has been built on the values established by its founders of excellence, integrity and respect. The group believes these values are even more relevant today as it strives to play a meaningful role in creating an inclusive agricultural economy in southern Africa.
It is the group’s established strategy to form partnerships with like-minded companies able to add value to the group’s operations, through the provision of specific expertise and generating economies of scale in the marketing of the group’s products. The group owns minority shareholdings in and has long established relationships with the Two-A-Day group which packs, processes and markets its deciduous fruit, and Lebombo Growers which provides a similar service for its banana production. Both groups are leaders in their respective fields and subscribe to Crookes’ values and ethos.
The group has a similar arrangement with Mayo Macadamias to process and market its macadamia crop, and look forward to cementing similar mutually beneficial relationships with Mayo in years to come. In recent years, the group has established several successful partnerships with communities and aspirant black farmers to manage leased farms in conjunction with these groups. The group is proud of the success of the partnerships which have become a major part of its South African business and makes a vital contribution to transformation in the agricultural sector.
Crooke Brothers plans to continue to build on its expertise and track record in expanding its farming operations in southern Africa, balancing commodity, currency and geographic exposure. The group aims to use its cane assets as a base from which to continue to diversify into a range of high value crops offering exceptional market opportunities.