11
Aug
Staff Writer Meatco ascribed the expectation to the high number of cattle sent for slaughter in that country at the moment. Meatco said in a statement that should the trend continue, it was likely that it could to lead to a consolidated recovery year. The company performed favourably in May and June by generating around N$107 million (about R106 million) and N$190 million (R188 million) in revenue respectively. Farmer’s Weekly previously reported on complaints by Namibia’s beef cattle producers about late payments from Meatco, as well as the dire financial state the company found itself in. Meatco in the meanwhile…