{"id":279021,"date":"2018-10-23T08:20:13","date_gmt":"2018-10-23T06:20:13","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=279021"},"modified":"2018-10-24T10:43:42","modified_gmt":"2018-10-24T08:43:42","slug":"pic-buys-karan-beef","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/279021\/pic-buys-karan-beef\/","title":{"rendered":"PIC to buy Karan Beef"},"content":{"rendered":"<p>The Public Investment Corporation (PIC) has agreed to buy\u00a0<a href=\"http:\/\/www.karanbeef.co.za\/about-us\/group\/\" target=\"_blank\" rel=\"noopener\"><strong>Karan Beef<\/strong><\/a>, which is Africa\u2019s largest cattle feedlot.<\/p>\n<p>Karan Beef was started by the Karan family farm in 1974, and the company is still fully owned by Ivor Karan.<\/p>\n<p>Situated just south of Johannesburg, Karan Beef\u2019s Heidelberg farm occupies 2,330ha and accommodates 150,000 head of cattle.<\/p>\n<p>Karan Beef has the capacity of processing 2,040 head of cattle every day and the ability to debone 300 tons of meat per day.<\/p>\n<p>Apart from serving the South African market, Karan Beef is approved to export to UAE, Kuwait, Qatar, Bahrain, Oman, Jordan, Egypt, Mauritius, Seychelles, Maldives, People&#8217;s Republic of China and Hong Kong.<\/p>\n<p>It is understood that Karan Beef\u2019s management team will remain in place after the acquisition.<\/p>\n<p>The value of the deal is R5.2 billion.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/business\/278745\/pick-n-pay-has-made-special-arrangements-for-black-friday-2018\/\">Pick n Pay has made special arrangements for Black Friday 2018<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Public Investment Corporation (PIC) has agreed to buy Karan Beef in a multi-billion-rand deal.<\/p>\n","protected":false},"author":10,"featured_media":279033,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,13433,2994],"class_list":["post-279021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-karan-beef","tag-pic"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=279021"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279021\/revisions"}],"predecessor-version":[{"id":279539,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279021\/revisions\/279539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/279033"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=279021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=279021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=279021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}