Economy
South Africa Expresses Commitment to Resolve Poultry Crises
By Dipo Olowookere
A number of interventions are being identified which include measures to boost competitiveness, value-addition and technology upgrading; trade measures; export support to assist the domestic industry to access foreign markets; industrial finance and incentives with conditions for improving competitiveness; and measures to promote growth and transformation of the poultry industry among others.
This was said by the Department of Trade and Industry officials during a briefing to the Select Committee on Trade and International Relations about the challenges facing the Poultry Sector in Parliament today.
The poultry industry employs 48 000 and 63 000 direct and indirect jobs respectively and is therefore important to ensure the sustainability of the industry.
The Deputy Director General of Industrial Development at the dti, Garth Strachan said stakeholders need to do everything in their power to save jobs in the poultry. “There is a broad agreement that manufacturing-led growth is critical for high economic and employment growth and the poultry sector is critical to this effort. To this effect, government through the establishment of the Action-focused Government Task Team has taken the support for the sector to another level through the structured mechanism. This team will develop a common response to the complex challenges facing the domestic industry,” he adds.
“The team will receive inputs and undertake research where required; identify possible areas for intervention; engage with different stakeholders; make recommendations for intervention and unblock areas for intervention,” Strachan.
According to Strachan, shared responsibilities between the state, private sector and labour are vital to the sector. This he says will allow growth, competitiveness, job retention, raise production, raise exports and market share.
The Deputy Director-General at the Department of Trade and Industry (the dti), Ms Xolelwa Mlumbi-Peter emphasised the need for the poultry industry to take advantage of new market access opportunities in the Gulf as this would assist to avert job loses.
The committee also heard that while there are US imports of chickens, these are not the source of the present crisis of the poultry. In 2015 South Africa and the US made a breakthrough in the long-standing dispute of the export of bone-in chicken pieces from the US. The deal secured South Africa’s participation in the African Growth and Opportunity Act (Agoa) for the next 10 years!
According to the Paris agreement, the US was allowed to export of 65 000 tons a year to South Africa. However, it has emerged that the US has not fully utilised the quota optimally. Therefore, Agoa is not the main contributor for the current poultry crises.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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