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The company also invested in state-of-the-art security systems such as automated searching equipment, which play a crucial role in the reduction of pilferage.
Mutorogodo added that the reason behind the low number of claims was mostly due to the slow submission of claims due to the stringent “know your client” requirements.
The company approached creditors late last year seeking deferment of payment to 2025, as it moved to clear a balance of 10% owed to farmers from the 2022/23 season.
Government transferred the once mighty meat processor to the Mutapa Investment Fund following the collapse of a US$130 million joint venture with British investor Boustead Beef.