KKG subsidiaries go it alone

The billion Rand turnover Klein Karoo Group (KKG) in Oudtshoorn in the Western Cape announced that its restructuring had progressed to where its previous subsidiaries – ostrich business Klein Karoo International, Klein Karoo Seed and Klein Karoo Trade and Mechanisation – were all operating as individual businesses
Issue date : 19 September 2008

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The billion Rand turnover Klein Karoo Group (KKG) in Oudtshoorn in the Western Cape announced that its restructuring had progressed to where its previous subsidiaries – ostrich business Klein Karoo International, Klein Karoo Seed and Klein Karoo Trade and Mechanisation – were all operating as individual businesses. ccording to Jan Greyling, the KKG’s liaison manager, each of these businesses will eventually have its own managing director, while current KKG staff will be allocated to their applicable divisions within these independent businesses when KKG is officially dissolved.

 “The position of the executive general manager of the Klein Karoo Group will be phased out with the departure of Kobus Goosen on 31 December 2008,” Greyling explained, “and recruiting for the new managing director of Klein Karoo International will commence soon.” He explained that there were a number of reasons for the decision to run the three companies individually. These included allowing the previous members and staff members of the Klein Karoo cooperative to become shareholders in the three companies, allowing empowerment initiatives to take place on a broad basis throughout all the businesses and allowing producer-shareholders to elect their own directors to the new companies. – Lloyd Phillips