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Afgri opens a new investment unit to boost growth

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Agri-business Afgri Group says its new investment vehicle has given it the capacity to expand its operations

Afgri CEO Chris Venter. Picture: RUSSELL ROBERTS

Afgri Group CEO Chris Venter said the company wanted to significantly grow the business but the pace of this growth would be limited if it had to depend only on its own financial resources. Venter said the plan was to increase storage capacity to between 4.7-million tonnes to 6-million tonnes. “This will allow us to not only cater for grain storage, but to expand into the storage of other types of commodities.”

The disposal of its debtors book had enabled the Afgri Group to expand its financial service offerings across all nine provinces, and to provide financing not only for grain production but various other commodities.

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Afgri opens a new investment unit to boost growthAgri-business Afgri Group says its new investment vehicle has given it the capacity to expand its operations
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