An internal report on the state of Daybreak Farms revealed that in the two years it was led by a board connected to senior Public Investment Corporation (PIC) officials, the company lost more than R300m in profits.
Company sources say that days after revelations of irregular contracts linked to PIC company secretary Bongani Mathebula, an insider apparently smuggled out a server with records of transactions
The court stayed Seruwe’s order of reinstatement pending the outcome of an application by Daybreak Farms to review and set aside the arbitration award.
The court stayed Seruwe’s order of reinstatement pending the outcome of an application by Daybreak Farms to review and set aside the arbitration award.