State-owned Daybreak plans to restart operations at one of its abattoirs and feed mills through an operating partner to begin generating cash, which will allow the company to sustain itself through business rescue proceedings.
The restart of the abattoir and feed mill will require an additional capital investment, which the company’s business rescue practitioner, Tebogo Maoto, told Newzroom Afrika would not solely come from the Public Investment Corporation (PIC).
South Africa’s largest asset manager has already pumped over R200 million into Daybreak in 2025 to try to stave off a potential liquidation and fund its business rescue process.
The PIC initially bought Daybreak for R1.19 billion in 2015, but it has…