South African Poultry Industry Invests $60 Million in Expansion
- New capacity means 5% more birds are being produced per week
- Investment is part of strategic plan to grow poultry industry
Photographer: SeongJoon Cho/Bloomberg
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South African poultry producers have invested more than half of the funds they committed as part of a so-called master plan to grow the industry as the government earlier this year raised tariffs to counter cheap imports.
Around 1 billion rand ($60.2 million) of the 1.7 billion rand pledged for expansion by 2022 has already been invested and 5% more chickens are being produced for slaughter each week, Izaak Breitenbach, a general manager of the South African Poultry Association, said Tuesday in an emailed statement.