Philafrica Foods (“Philafrica”), a subsidiary of AFGRI Group Holdings (“AFGRI”), sold its Soya Oil Crushing Plant, which trades in the market under the name Nedan. 

The business will be owned by a newly registered company called Nedan Oils & Proteins (“Nedan”), which is majority owned and controlled by Gold Keys International. For over 25 years, Goldkeys International has imported, prepacked, distributed, and marketed grain and pulse products throughout South Africa. Currently operating in Rice, Sugar, and Sugar Beans, Goldkeys is pleased to expand its presence into the soya bean value chain.