SUBSIDIARY NAME
Linheim Voerkraal (Pty) Ltd
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
AGRICULTURE
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 16, 2022
ACQUISITION VALUATION
209 MILLION
TOTAL ASSET VALUATION
2.09 BILLION
AGRICULTURE
Linheim Voerkraal (Pty) Ltd project by Ria Auret: acquired on August 16, 2022 for development of Feedlot/Abattior/Mill/Solar project. Linheim Voerkraal (Pty) Ltd intends to embark on a multi-level agricultural enterprise in the Bloemfontein agricultural district, Free State province, South Africa. Bloemfontein is centrally located within South Africa and connected to local road and rail transport systems.
The enterprise will encompass an agricultural value chain, from primary agricultural production to agri export of products to East Asia and South-East Asia. The proposed venture will include Lucerne and maize cultivation, animal feed, maize meal production, cattle, and sheep feedlotting, an abattoir, a meat processing plant, and an agri-export operation.
The company intends to contribute to employment creation, poverty alleviation and redressing the inequalities in South African society through skills development and training of staff. The staff contingent will comprise 314, excluding the director, in the first month of operation. By the 5th year of operation, 407 staff members, excluding the director, will be employed. The employment of one individual can positively impact on the socio economic well-being of as many as six dependents. Thus, the socio-economic well-being of 2442 individuals can be improved through this endeavor.
COUNTRY
REPUBLIC SOUTH AFRICA
SECTOR/ INDUSTRY
Agricultural
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 18, 2022
ACQUISITION VALUATION
209 MILLION
TOTAL ASSET VALUATION
2.09 BILLION
AGRICULTURE
Linheim Voerkraal (Pty) LTD by Linheim Voerkraal (Pty) Ltd acquired on August 18, 2022.
Linheim Voerkraal (Pty) Ltd intends to embark on a multi- level agricultural enterprise in the Bloemfontein agricultural district, Free State province, South Africa. Bloemfontein is centrally located within South Africa and connected to local road and rail transport systems.
The enterprise will encompass an agricultural value chain, from primary agricultural production to agri-export of products to East Asia and South-East Asia. The proposed venture will include lucerne and maize cultivation, animal feed, maize meal production, cattle, and sheep feedlotting, an abattoir, a meat processing plant, and an agri-export operation.
The company intends to contribute to employment creation, poverty alleviation and redressing the inequalities in South African society through skills development and training of staff. The staff contingent will comprise 314, excluding the director, in the first month of operation. By the 5th year of operation, 407 staff members, excluding the director, will be employed. The employment of one individual can positively impact on the socio- economic well-being of as many as six dependents. Thus, the socio-economic well-being of 2442 individuals can be improved through this endeavour.