Milestones

1923     150 people attended a meeting called to establish the Oos-Transvaalse Landboukoöperasie. 29 people signed the list of original members.  
           
1930     Record of 60 000 bags (±5 400 tons) of maize handled, hardly enough to fill the tube of one modern silo today.
Loan of £2 000 pounds to build own premises in Bethal.
First time that wheat is handled when a depot is opened at Bronkhorstspruit.
   
           
1944     Assets exceeded £1 million and the capital and reserves
were £100 000, personnel grows to 125.
   
           
1947     Acquires the first mill at a cost of £30 000 at Kinross.    
           
1948     Acquires a mill in Middelburg at a cost of £36 000.    
           
1952     Board decided to purchase soil analysis equipment to assist farmers in determining how to prepare soil for planting – the start of scientific farming in South Africa.    
           
1953     Decision taken to build the very first silo at Marble Hall with 200 000 bags of capacity, the silo was eventually inaugurated in 1963.    
           
1962     Agency agreement entered into with John Deere. In 1963 only 28 tractors were sold, in 1972, 519 were sold.    
           
1963     OTK’s first grain silo at Marble Hall (20 000 tons) commissioned.    
           
1972     Silo capacity of the total business was 587 700 metric tons and there were silos at Marble Hall, Grootvlei, Kendal, Bloekomspruit, Nigel, Devon, Val, Ogies, Bethal, Kinross, Leslie, Balfour, Glenroy, Greylingstad, Middelburg, Driefontein, Arnot, Harvard and Holmdene.    
           
1975     OTK’s own cotton ginning mill at Marble Hall commissioned.    
           
1980     Grain silo and milling business at Leslie known as E Kagan (Pty) Ltd and Kagan Mills (Pty) Ltd purchased.    
           
1983     New silo with a capacity of 78 000 tons, commenced at Overvaal, bringing the total bulk handling capacity to 2 772 800 tons.    
           
1985     Acquired a 40% interest in Earlybird Farms (Pty) Ltd and Earlybird Chicks (Pty) Ltd Amalgamation of Delmas Kooperasie Limited and Oostelike Transvaalse Kooperasie Limited    
           
1988     Name of Oostelike Tranvaalse Kooperasie Limited changed to
OTK (Co-ops) Ltd.
 
           
1996     Listed on the JSE Securities Exchange. Largest John Deere
agency in the world. Acquisition of SOK in Eastern Free State
with effect from 1 March.
   
           
2000     OTK becomes the first company listed on the JSE to acquire some of its own issued shares and repurchased 4,25%. OTK acquires a SAFEX seat and provides a complete hedging solution to clients.    
           
2001     Shareholders urge the re-constitution of the board, in an effort to encourage OTK to reach its full potential. New vision to transform OTK from a regionally bound agri company to a world-class international agri-business.    
           
2002     Debtors’ book with a value of R937 million sold to banking institutions. Special dividend of R832 million paid.    
           
2003     Name changed to AFGRI – in an effort to move away from co-operative structure to world class agri-services.
           
2005     26,77% of AFGRI Operations sold to a broad-based BEE consortium
– Agri Sizwe. Agri Sizwe transaction financed by Land Bank and a
R361 million special dividend distributed to shareholders.
   
           
2006     Acquisition of 100% of Daybreak Farms for R120 million.    
           
2008     Debtors book grows to R4,6 billion.    
           
2009     Record maize crop in AFGRI regions. Daybreak expands to 650 000 birds per week. Loss making AFGRI seed disposed of. Trade receivable facilities increased by R2,25 billion.