Daybreak Farms Chair resigns after payment scandal from R625,000

When Daybreak Farms of a catastrophic week was confronted with hungry chickens and unpaid employees, chairman Bojane Segooa secured a payout of 625,000 R R625,000 before he resigned, the Sunday Times reports.

The poultry producer financed by taxpayers, which is already dependent on billions of state support, recently was rescued by the Public Investment Corporation (PIC).

A board in chaos

• Segooa called for an immediate payment of 1.2 million R. fees in rooms before it returned

• CFO Aubrey Dali resigned after Segooa withdrawn his payment authority

• Three other board members rejected their fees “for a clear conscience”

• PIC published R74M -Notor for salaries and bird feed

“Have you paid fees for the board fees? Please send a proof of payment” Segooa wrote an SMS before he completely avoided it.

Animal welfare and human crisis

• No.

• 3,400 employees who are unpaid for April cannot access UIF services

• Suppliers left Cutoff's facilities without feed or telecommunications services

Failed state investments

The spiral company since 2019 from PIC-Backed Company:

• Changed from R284 million profit (2020) until 2023

• 200 million R+ allegedly spent on “non -related activities”

• The liquidation claim of 42 million r.

The state employee's pension fund explained: “These developments are cause for concern … we asked the picture to take into account.”

The statement by DayBreak recognized resignation, but made the comments on the comments on “governance matters”.