08:43:44
Afgri to focus on expansion in Africa
AFR
Posted Thu, 02 Sep 2010
Afgri to focus on expansion in Africa
AFR
Posted Thu, 02 Sep 2010
Business Day indicated that agricultural company Afgri largely has its South Africa business in shape and is now looking to expand its operations in Africa. The company believes bigger opportunities now lie outside South Africa. Afgri is undergoing a turnaround to focus on the maize value chain. Financing further expansion poses no problem as it has R690 million cash in hand. It expects another R150 million to come in this year from the sale of noncore assets. CEO Chris Venter says service- based expansion need not be costly.
Brands in PABMH Group:
Video
Top business stories
- Nigeria's debut Eurobond seen oversubscribed
-Fri, 21 Jan 2011
- China to double Zambia investment in 2011 -minister
-Fri, 21 Jan 2011
- Tanzania's proven gas reserves more than double
-Fri, 21 Jan 2011
- Almost 99 percent choose south Sudan split
-Fri, 21 Jan 2011
- I.Coast oil firm fears sanction hit
-Fri, 21 Jan 2011
- Petra Diamonds to buy De Beers' SAfrica mine, shares up
-Fri, 21 Jan 2011
- SAfrica's Galaxy sees stock market debut this year
-Fri, 21 Jan 2011
- S.Africa leaves repo rate at 5.5 percent
-Thu, 20 Jan 2011
