Started by 180 ostrich producers, benefitting 250 employees in Mosselbay, Western Cape
Why was it started?
To empower employees
How was it done?
The company has implemented a project whereby 6 000 preferential shares, representing 6.5% of the issued shares capital, were given to 250 employees.
Social and Economic Implications
The employees share in the company profits and a total of R1,815 million was paid out to the employees in the form of dividends.