Threats, corruption and pecking orders: Laying out the feud at state-owned chicken producer Daybreak Farms

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Young white chickens sit in open-air cages on a poultry farm. (Image: Getty)
Young white chickens sit in open-air cages on a poultry farm. (Image: Getty)

Just two years ago, state-owned asset manager the Public Investment Corporation (PIC) referred to poultry producer Daybreak Farms as "the dawn of transformation in the agricultural sector".

The PIC had spent R1.175 billion to buy out Daybreak - then known as AFGRI Poultry - in May 2015.

But now the chicken producer has been split by a bitter dispute between some of its senior management and its new board.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
13.78
-0.3%
Rand - Pound
19.44
-0.2%
Rand - Euro
16.70
-0.3%
Rand - Aus dollar
10.63
-0.3%
Rand - Yen
0.13
+0.2%
Gold
1,865.95
-0.6%
Silver
27.84
-0.3%
Palladium
2,755.00
-0.9%
Platinum
1,168.39
+1.5%
Brent Crude
72.69
+0.2%
Top 40
61,654
+0.3%
All Share
67,942
+0.3%
Resource 10
65,584
-0.3%
Industrial 25
88,227
+0.7%
Financial 15
13,721
+0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Have you noticed a difference in the voices of women compared to men in virtual meetings?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, there is a difference.
24% - 39 votes
No, I haven't noticed it.
66% - 108 votes
A bad internet connection worsens it.
10% - 17 votes
Vote