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November 3, 2008
Worker trusts take control of fruit exporter
Nearly 200 workers and packers of a prominent apple and pear producer in the fertile Elgin Valley have taken a controlling interest in two farms in a R29m deal representing one of the largest land reform and agricultural black economic empowerment (BEE) projects in the Overberg region.
The project will see three worker trusts take a 52% share in the Vintage Group, a grower, packer and exporter of quality deciduous fruits, mainly apples, pears and grapes, which operates on the farms Arieskraal and Vyebosch.
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Posted by StaffWriter at November 3, 2008 7:56 AM