Entries by Grant Medefindt

The Future of Farming in South Africa

Afgri CEO Chris Venter believes South Africa is well positioned to become a major food exporter, and that the agricultural sector could become a significant contributor to the local economy in the next ten years. Venter told a GIBS forum there needs to be policy streamlining regarding export licensing, a substantial increase in agricultural activity […]

Emergence of Grobank a huge boost for SA’s agriculture sector

Agriculture has come under the spotlight in SA. Not only did the 2015/2016 drought highlight the sector’s importance to economic growth and job creation ambitions, the recent policy proposal on land expropriation without compensation drew attention to its importance in ensuring national food security, while also addressing inequality. Over time the focus of the debate […]

SA Bank of Athens Repositioning as Grobank

Against the background of South Africa’s rapidly evolving and expanding banking landscape, where digital solutions and low-cost operating models have become some of the top challenges, the former South African Bank of Athens has repositioned itself as a new banking entity – Grobank. The Grobank brand reflects the transaction that concluded in October 2018 when […]

AFGRI Group Holdings and an investor consortium create a strategic commodity/grain storage platform to support growth and strengthen food security

AFGRI Group Holdings (“AGH”), the investment holding company with interests in food, agriculture and financial services related companies providing products and services to ensure sustainable agriculture and food security (collectively, the “AFGRI Group”), today announced the creation of a strategic grain storage platform vehicle in collaboration with a consortium of leading South African institutional investors […]

GroCapital Holdings responds to Business Report allegations against the Prudential Authority

On 25 September 2018, an article entitled “Bank Regulator under scrutiny” was published in Business Report. GroCapital Holdings Limited (“GroCapital Holdings”), on its own and on behalf of its shareholders, AFGRI Holdings Proprietary Limited (“AFGRI”), the Public Investment Corporation SOC Limited (“PIC”) and Fairfax Africa Investments Proprietary Limited (“Fairfax Africa”), hereby wishes to release the […]

GroCapital Holdings acquires Bank of Athens

GroCapital Holdings Limited (“GroCapital Holdings”) is pleased to announce that it has obtained all regulatory approvals for the acquisition of the South African Bank of Athens Limited (SABA). This follows an announcement made in March 2017 that GroCapital Holdings had acquired the National Bank of Greece Group’s stake in the South African Bank of Athens, […]

AFGRI Group Holdings creates investment holdings company AGH and raises additional capital to fuel growth in agriculture, food processing and financial services

AFGRI Group Holdings, going forward to be known as AGH, is an investment holding company born of the recent reorganisation of one of South Africa’s leading agribusinesses and its associated businesses. AGH has raised R1 billion of additional capital from its shareholders for strategic acquisitions in three focused investment areas namely, agriculture, food and financial […]