Light at end of Daybreak Foods tunnel with PIC's approval of R150 million in funding
Business
August 29, 2025

Light at end of Daybreak Foods tunnel with PIC's approval of R150 million in funding

According to the rescue plan, the company is in "financial distress" as defined in law, having been unable to meet its debt obligations or sustain operations due to widespread management and governance breakdowns.
Business
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Following months of halted operations at Daybreak Foods, there seems to be light at the end of the tunnel with the Public Investment Corporation (PIC) approving R150 million in funding. Daybreak entered business rescue in May after facing severe financial challenges and accusations of animal cruelty that resulted in the mass culling of chickens. Sakina Kamwendo spoke to  senior business rescue practitioner for Daybreak Foods, Tebogo Maoto

We stand as one of South Africa's largest poultry producers.

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