Agriculture
NWK ceases direct crop and stock farming─── SABRINA DEAN 16:07 Thu, 07 May 2015
Bloemfontein - Agricultural Group NWK has announced a decision to cease its direct involvement in crop and stock farming, with plans to terminate these activities as soon as possible.
Managing Director Danie Marais says timing played a big role as the geographic region in which the subsidiaries NWK Boerdery and Kalahari Beef operate has been hard hit by drought and other challenges over the last few years.
'Danie Marais - drought'
He says the decision was not easy, but necessary in terms of longer term performance of the company as a whole. On the upside, Marais says NWK is now better positioned to turn its focus to the success of several other “exciting” initiatives:
'Danie Marais - looking forward'
He says other highlights include the Epko/Louis Dreyfus Commodities partnership, the purchase of Empangeni Mills in Natal, as well as several other initiatives still in the planning stages.
Sabrina Dean/OFM News
'Danie Marais - drought':
'Danie Marais - looking forward':
