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 […]

AFGRI acquires stake in bank and broadens financial offering

AFGRI Holdings Proprietary Limited (“AFGRI”), the leading agricultural services and food processing company is pleased to announce the potential acquisition of the National Bank of Greece Group’s stake in the South African Bank of Athens Limited (“SABA”), corresponding to 99.81% of the issued share capital (the ‘’Transaction”) of SABA . The Transaction is subject to […]

BUS BYWAY: Large South African Presence at Agritech Expo in April Indicates Strong Interest in Zambia’s Agri Sector

Chisamba, Zambia, March 05, 2017 – “Zambia is an exciting market to explore, not just for South African suppliers to the agriculture sector, but also for South African farmers,” says Liam Beckett, commercial director for the upcoming Agritech Expo Zambia. The award-winning event is owned by the Zambia National Farmers Union (ZNFU) and returns to […]