Fri Sep 20 08:27:27 UTC 2024: ## Daybreak Poultry Receives Loan to Boost Production and Efficiency

**JOHANNESBURG, SOUTH AFRICA** – Daybreak, a major South African poultry producer, has secured a significant loan that will be used to upgrade its processing facilities and improve efficiency. The loan will be used to implement technology upgrades at the abattoirs and machines, as well as to construct a new water treatment plant. These investments aim to increase the speed of chicken processing and enhance overall production capacity.

The loan, provided by the Public Investment Corporation (PIC), will inject much-needed working capital into the business, said Daybreak CEO Richard Manzini. “The investment will position us for growth,” he stated in an email.

The PIC acquired Daybreak nearly a decade ago after uncovering financial irregularities. Manzini, a former investment banker at the PIC, was appointed to lead the company’s turnaround strategy. Under his leadership, Daybreak has made significant progress, becoming a key player in South Africa’s poultry industry.

South Africa’s poultry industry is a major contributor to the country’s economy, with annual production exceeding 2 million tons. The industry is home to some of the continent’s largest chicken producers, including RCL Foods’ Rainbow, which recently listed on the Johannesburg Stock Exchange and is now valued at R3.1 billion.

Daybreak’s investment is expected to further strengthen the South African poultry sector, contributing to its continued growth and competitiveness.

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