Banyana Farms under the hammer

Banyana Farms
Banyana Farms

State-owned Banyana Farms (Limited) is up for liquidation following continuous failure to generate revenue in the past few years, with the envisaged closure scheduled for June 30, 2023.

According to information from the report of the Auditor General (AG) for the financial year ended March 31, 2021, government has decided that the company will close once its privatisation has been fully completed.

Banyana Farms is a government ranch of about 149,000 hactres located at Mabule, which was established to promote cattle ranching in the country. With the farm continuously incurring losses, the Auditor General, Pulane Letebele has noted that once its privatisation is concluded, it would be within the Board's plan to recommend the company for closure to the shareholders.

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