GIPF invests N$10.17m in WinSalt

September 10, 2021
David Nuyoma David Nuyoma

The Government Institutions Pension Fund (GIPF) has announced a N$10.167 million investment in Walvis Bay based, WinSalt Manufacture (Pty) Ltd.

The investment by the fund, is aimed at contributing towards the pioneering manufacturing of animal nutrition and medicine Salt Blocks for the agricultural sector.

“The GIPF saw an opportunity in the agricultural industry through animal feed and nutrition blocks and decided to spearhead investments towards the manufacturing thereof for all livestock,” said GIPF CEO, David Nuyoma.

The company according to the fund, is the first of its kind in Africa and the World to manufacture animal nutrition and medicine blocks with indigenous ingredients like moringa and the devil’s claw.

“The WinSalt Manufacture (Pty) Ltd blocks are made from raw materials that are sourced locally. The blocks are highly recommended as they allow the animals to regulate their own salt and mineral intake per lick. These blocks have proven to be popular on cattle and livestock farms in Europe, the Americas, Asia and Australia,” said Nuyoma.

“The above-mentioned nutrition and medicine blocks last four times longer than other molasses blocks in the industry. The blocks are cost effective for farmers, weather resistant, contain zero sediment and molasses (sugar) and improve animal nutrition and health.”

With a staff complement of 8 employees, with plans to increase it to 25 employees, the company have this far exported its products to Australia, South Korea, Spain, Portugal, Zambia ,Angola and is currently busy exploring other opportunities the South African market.

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Last modified on Friday, 17 September 2021 00:16

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