If ever there were an occasion to create a state-owned enterprise, Tiger Brands has to be the candidate. Talk is that the Langeberg fruit canning factory near Ceres will be closed since, due to load-shedding and constipation in SA’s ports, it is no longer profitable. Thousands of jobs and farmers’ livelihoods are at stake.
Yes, the government is at fault for the failures at Eskom and the ports, but for once the government can also remedy the situation by having the Public Investment Corporation take over this crucial canning facility, which produces Koo and other well-known brands. This business is inherently viable and if rescued by the PIC will again be profitable when functionality is restored to SA’s power supply and transport logistics.
PIC prefers to give cash to Scurvy.
All this companies are frauding PIC , edgars did it and the rest followed it never stops.
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