मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
PIC seeks stability for Daybreak Foods as board faces crisis
Cape Times
|May 13, 2025
THE Public Investment Corporation (PIC) said on Monday that it was considering various options to bring stability to the embattled State-funded poultry producer, Daybreak Foods.
This comes as the PIC is engaged in ongoing talks with the Daybreak board of directors in the aftermath of a split that has seen the board chairperson leave reportedly after securing a R625 000 sitting allowance package.
This is as the PIC over the weekend allocated a requested further R74 million to Daybreak, initially earmarked for capital expenditure, in a bid to address the company’s immediate liquidity needs, which includes outstanding salaries for employees for the month of April 2025, feed supplies and specific essential operational expenses.
The PIC charged that the board and management of Daybreak Foods remained responsible and accountable for the company’s operations and finances.
यह कहानी Cape Times के May 13, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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