Milestone for Savanna Beef

Windhoek (bw) – The first day of trading in slaughter rights at Savanna Beef Operations’ new export abattoir has been a success. The company reported this after being informed by Cirrus Capital, the firm commissioned to manage the share trading. On Monday, 927 slaughter rights for the first quarter for the slaughter of cattle at the abattoir were traded at N$300 each. Numerous orders were received for the second, third and fourth quarters of 2026.

“We are pleased to report that the trading system for slaughter rights appears to be functioning effectively,” said Savanna Beef’s chairman, Mecki Schneider. Initially, only 2,500 slaughter rights will be traded on a trial basis until the end of May 2026. This forms part of the start-up phase pending EU export certification. The parent company Savanna Beef, along with Savanna Beef Operations and Savanna Beef Processors Limited (SBPL), and the committee of the Beef Value Chain Forum (BVCF) had been granted the necessary approval earlier this month to use 2,500 BVCF slaughter rights for this pilot phase. Schneider also announced that a further 86 employees will be recruited by the end of March. This will bring the workforce to just under 200 employees.