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SUBSIDIARY NAME

Nyamane Agro-Foods Holdings (Pty) Ltd

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

MANUFACTURING

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

September 8, 2022

ACQUISITION VALUATION

122.928030 MILLION

TOTAL ASSET VALUATION

1.2292803 BILLION

MANUFACTURING, SERVICE AND RETAILING RECREATION VEHICLES

Nyamane Agro-Foods Holdings (Pty) Ltd by Mr. Lwandle Nkululeko Nyamane acquired on September 8, 2022 and intent to establish Agro-processing and Food Manufacturing facilities, in Southern Africa – SADC, South Africa, wherein building these facilities adjacent OR in a proximity distance to a farming operation, Nyamane Foods collaborate and join forces to exceptional raw material supplies and gain industrial competitiveness through the application of a world class production line(s).

Nyamane Foods Project(s) in RSA are based on tried and tested new innovative and cost-effective methods to Agro – Processing and Food Manufacturing Technologies in beneficiation of raw agricultural productions from farming activities, without compromising environmental aspects, including the health; food safety and quality modalities to the end user and consumers (Markets).

Nyamane Foods business model approaches seeks to participate to national food security goals and its backward job creation and rural development objectives. Our aim is to provide exceptional service to the markets and to uplift communities wherein we operate through a mutually beneficial partnership, with profitable commercial approaches and high social economic impacts.

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