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Thu 9 Sep 2010
Close: 649c 
Day's move: -14c (-2.11%)
Volume: 272 576
Trades: 85
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AFGRI implementation of revised BBBEE structure
Shareholders were referred to the announcement dated 27 August 2010 and were advised that the Izitsalo acquisition had been implemented in accordance with its terms. As a result thereof AFGRI also announced the resignations of MM Moloele, MI Mogari and KL Thoka as directors of AFGRI, with effect from 3 September 2010.
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AFGRI -- results presentation
AFGRI released its results for the year ended 30 June 2010 on 1 September 2010. A results presentation took place in Johannesburg on the same date and in Cape Town on 2 September 2010. The presentations can be viewed on the company's website at www.afgri.co.za.
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Afgri to focus on expansion in Africa
Business Day indicated that agricultural company Afgri largely has its South Africa business in shape and is now looking to expand its operations in Africa. The company believes bigger opportunities now lie outside South Africa. Afgri is undergoing a turnaround to focus on the maize value chain. Financing further expansion poses no problem as it has R690 million cash in hand. It expects another R150 million to come in this year from the sale of noncore assets. CEO Chris Venter says service- based expansion need not be costly.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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