Afgri opens a new investment unit to boost growth
Agri-business brings in institutional investors
Unlisted agriculture business Afgri Group said its new investment vehicle, which allowed institutional investors to invest in its grain silo properties, has given it the capacity to expand its operations. Afgri Group CEO Chris Venter said the company wanted to significantly grow the business but the pace of this growth would be limited if it had to depend only on its own financial resources. The creation of the investment vehicle, Grain Silo Company, enabled it to accelerate its growth as it opened a way for Izitsalo Employee Investments, Stanlib Infrastructure Investments, Wiphold, and the Land and Agricultural Development Bank of SA to invest R3.6bn in the group.
PODCAST: Behind the class action lawsuits against Tiger Brands