Padenga optimistic about 2019 second half

PADENGA Holdings says it is optimistic about the remaining six months of the year and achieving operational and financial targets for the period.

The company, which is engaged in the production and sale of crocodile skins and meat, anticipates to sell out its entire production this year as demand from the European Union (EU) remains firm.

Chief executive officer, Gary Sharp, told the company’s annual general meeting that demand for crocodile meat within the EU remains strong particularly in the absence of ostrich and venison (Game animal meat) which was prohibited in South Africa.

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