A unique opportunity has arisen for an investor to become a part of Maggie’s Original Mageu, a domestic beverage company that sells a traditional recipe to a captive audience.
Maggie’s Original Mageu is currently based in the Gauteng province, just north of Pretoria, in the Ga-Rankuwa region and an investment is required to help grow its mageu manufacturing factory.
The group already boasts a sea of high profile customers including Fruit & Veg, Kit Kat Cash & Carry, Save More Cash & Carry, OK Grocer, and a range of other supermarkets.
Part of the business plan is to expand the target range of customers by marketing the product to new potential customers including school feeding schemes and hospitals.
The intention is also for Maggie’s Original Mageu to establish long term contracts within the mining industry, as they are the largest consumers of mageu. The company is already seeing positive results from its business with Fedics, which operates in the mines.
The mageu, which dates back to a recipe in the 1930s, has already been tested by the South African Bureau of Standards (SABS) and the company has received a certificate of acceptability for Food Premises.
The company has already identified three distinct areas of priority from an investor:
1. Access to mageu markets in the mines
2. Capital injection
3. Reduce input costs
Preference will be given to entities that have business experience and capital to inject operational capital to buy raw materials, improve plant efficiency, and improve delivery logistics. A minimum investment of R1.5-million is required.
Other Expectations from the Investor:
About Maggie’s Original Mageu:
Maggie’s Original Mageu is an SME which is 100% black owned and managed. The recipe dates back to 1933 during the great famine, and was devised by Mrs Sapula Pooe as an affordable, filling and healthy food drink that could be shared by the entire family.
The product is packed in easily sealable plastic bottles and sachets for the retail and mining industry, and comes in 250ml, 500ml, 1 litre and 2 litre bottles in the following flavours: plain, banana, strawberry, pineapple and custard.
For more information about Maggie’s Original Mageu and to discover how you can invest in the business contact the company directly:
Name: Mrs Potso
Mathekga, Managing Member
Email: potso.mathekga@yahoo.com
Tel: +27 82 693 0004
