Coega to include dairy plant
Fin24 - Jul 4th 2011, 07:48
Johannesburg - The Coega Development Corporation (CDC) will launch a dairy processing plant with an initial investment of R50m in September, it said on Wednesday.
It said Coega Dairy, owned by Coega Milk Producers Organisation (CDMPO), will initially invest about R50m to tool and operate the plant. The CDMPO is owned by 13 commercial dairy farmers.
The business operations would take place in a building in Zone 3 of the Coega Industrial Development Zone, which is situated outside Port Elizabeth.
It would create 754 indirect jobs, 200 farm jobs, 70 operational jobs and 50 construction jobs, the CDC said.
"By the end of 2013, the investment would have grown to R150m. The company is currently raising finance for a 40% equity stake for their empowerment partners."
The shareholding would be modified in 2012 to include the Coega Empowerment Trust, a body which would include previously disadvantaged commercial dairy projects, black factory employees of Coega Dairy, and dairy farm labourers.
The CDC said the processing plant would consume 50% less water, energy and chemicals than other plants.
Zambeef share price in marginal drop
10/07/2013 - 08:55
Zambeef Products Plc share price on the Lusaka Stock Exchange (LuSE) has declined by two percent over the last few weeks following reports of alleged importation of contaminated beef, Stock Broker Zambia Limited (SBZL) has said.
No food price fireworks ahead - economists
11/02/2013 - 09:11
Johannesburg - There won’t be food price fireworks this year, but the cost of locally produced fresh produce like fruit and vegetables could potentially soar because of increased labour wages, proposed electricity hikes and surging fuel prices.
World food price index up
05/10/2012 - 07:56
World food prices rose slightly last month‚ following some stability in the preceding two months‚ according to the latest United Nations Food and Agriculture Organisation (FAO) report.
Tiger Brands buys 63% Dangote Flour
05/10/2012 - 07:46
Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said.
PPI slows to 5.1% in August
28/09/2012 - 11:59
Johannesburg - SA's producer inflation, which represents domestic output, was slower at 5.1% year-on-year in August compared with 5.4% in July, Statistics SA data showed on Thursday.