Pannar Seed, DuPont deal gets go-ahead
Fin24 - May 29th 2012, 08:05
Johannesburg - The South African Competition Appeal Court has approved DuPontâ€™s bid to buy control of domestic seed company Pannar Seed, the two companies said on Monday, giving the US chemicals company a toehold in Africaâ€™s agricultural sector.
The approval is subject to the companies meeting certain conditions, including long-term investment in South Africa, the firms said.
Pioneer Hi-Bred, the agricultural unit of DuPont, announced in 2010 that it was buying Pannar Seed in an effort to expand its reach into corn production through Africa. The companies did not disclose financial terms.
Rupert, top wine producers form new body
13/12/2013 - 08:38
Cape Town - Those who talk about land grabs do not really understand the finances of the wine industry, according to Johann Rupert.
Rooibos prices to rise by 15%
06/12/2013 - 09:24
Johannesburg - The price of Rooibos tea will rise by 15% from January next year because of supply constraints and growing demand, producer Rooibos Limited said on Tuesday.
China's wine deal in SA
06/12/2013 - 08:49
Cape town - Following on Chinaâ€™s recent significant investments in the French wine industry, especially in Bordeaux, they have also made their first investment in the South African wine industry.
SA yellow maize futures rise to 15-month high
04/12/2013 - 08:15
Johannesburg - South African yellow-corn futures rose to the highest level in more than 15 months in Johannesburg trading.
Namibian farmers back Meatcoâ€™s claim for bigger Norway quota
02/12/2013 - 09:30
The Meat Board and unions representing the interest of farmers in the country have backed the countryâ€™s biggest meat producer, Meatco, to request that it should get the biggest shares of the 1 600 tonnes export quota to Norway.