SUBSIDIARY NAME
Fepa Sechaba Milling (Pty) LTD
COUNTRY
REPUBLIC OF SOUTH AFRICA
SECTOR/ INDUSTRY
Agricultural, Petroleum and Renewable energy
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 18, 2022
ACQUISITION VALUATION
840 MILLION
TOTAL ASSET VALUATION
8.40 BILLION
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
AGRICULTURE
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 17, 2022
ACQUISITION VALUATION
840 MILLION
TOTAL ASSET VALUATION
8.4 BILLION
AGRICULTURE
Fepa Sechaba Milling (Pty) Ltd project by Albert van der Westhuizen acquired on August 17, 2022 and planning on purchasing land/property and building a milling plant which will create 3000+ jobs. The company will install a Waste to Energy Plant to generate enough power to run the whole operation. A division will be created to manage the logistics for the company and a Tyre to Diesel Plant will be installed to produce all the diesel required to run the vehicles. The mill will have a training centre to train employees in various skills required for the different jobs in the company and will also have an inhouse clinic to ensure employees health.
Emphasis was placed on being environmentally friendly and a reticulation system will be built to recycle water utilized in the mill. For this reason the company decided to generate their power by using waste products such as plastics etc as well as producing their own diesel by recycle tyre through a pyrolysis plant.