A company backed by one of South Africa’s richest men is setting itself up to be a major player in the Northern Territory’s beef sector after paying $70 million for two major cattle stations, Tanumbirini and Forrest Hill.
Livestock Wealth started with 26 cows in 2015 and currently manages a herd of around 2000 cattle at four farms across South Africa on behalf of 800 investors from South Africa, Germany, the US, Canada, the UK and China.
A Saudi delegation met with South Africa’s Minister of Agriculture and "expressed a desire to lease land in South Africa to produce a wide range of agricultural commodities provided they can sign a lease of 99 years or more.”
The South African state-workers’ pension funds and black-economic empowerment group Pelo Agricultural Ventures take a majority stake in Karan Beef (Pty) Ltd., owner of the continent’s largest cattle feedlot.
The elite university has quietly become one of the largest owners of farmland in the world, according to a new report by GRAIN, an international nonprofit supporting small farmers, and Brazil-based Rede Social de Justiça e Direitos Humanos
A new report details the web of companies with which Harvard Management Company, the university’s investment arm, directly invests in farmland around the world, risking conflict with communities from California to Brazil.