AFGRI Equipment acquires Ratten & Slater in Western Australia

AFGRI Equipment are delighted to announce the acquisition of Ratten & Slater.  The acquisition took effect on the 4th April 2017 with AFGRI having acquired all three locations at Gnowangerup, Albany and Esperance. Ratten & Slater commenced operations in Esperance in 1964 and have since grown to service a large area in the south east […]

Uplifting farmers will reduce poverty in Africa

Centurion, 4 April 2017. – The agricultural sector in Africa has the potential to lift the continent and its people out of poverty. Tinus Prinsloo, CEO of Agri Services at AFGRI, says Africa can take its rightful place as a major food producer if farmers in Africa can be uplifted from subsistence farmers to commercial farmers. […]

BUSINESS DAY: Mandatory sale of Bank of Athens adds another string to AFGRI’s bow

Bank of Athens’ parent, the National Bank of Greece, was compelled to sell its 99.81% interest in the bank as part of an agreement with the European Stability Mechanism The South African Bank of Athens’ parent company was forced to offload its South African subsidiary, which had R1.5bn in deposits and R2.3bn in assets at […]

BUSINESS REPORT: AFGRI Holdings buys SA Bank of Athens

Agricultural services and food processing group Afgri Holdings announced on Tuesday that it had bought National Bank of Greece Group’s (NBG’s) 99.81 percent stake in the South African Bank of Athens (Saba) for an undisclosed amount. NGB, the second largest Greek bank by total assets, said in a statement that the deal was part of […]

BUSINESS DAY: AFGRI pursues Bank of Athens’ SA stake

Afgri CEO Chris Venter says the 94-year-old business was constantly evolving and looking at ways to better service its customers Afgri is seeking to acquire the South African portion of Bank of Athens. The deal would give Afgri, which has long been a financier of farmers in partnership with the Land Bank, a banking licence. […]

BUSINESS DAY: AFGRI seeks Reserve Bank’s permission to buy Bank of Athens SA

Afgri says the deal is not expected to change the group’s partnership with the Land Bank, called Unigro, which offers loans and crop insurance to farmers Former farmers co-op Afgri is seeking to acquire the South African portion of Bank of Athens for an undisclosed amount. The deal would give Afgri, which has long been […]