VALUE PROPOSITION

VKB is a primary agricultural enterprise owned by its producer members, with the primary aim of optimum wealth creation for its members. VKB is a dynamic enterprise: Over the years, it has created an infrastructure and serves as an anchor to the agricultural community. It is also an enterprise which its business partners and interested parties are keen to be associated with.

The cooperative principles of this dynamic and visionary business are still very much in line with the reasons for its establishment 95 years ago. The modern, rapidly changing business environment requires revolutionary thinking to ensure that the company continues to comply with its strategic values and achieve sustainable growth.

In recent years the VKB Group has been well documented and published. Our strategy for growth, through strategic investment in the food value chain, transforms the business that initially focused on the provision of products and services to support the agricultural producer in effective and profitable farming, into a modern, dynamic, multi-national organization. This is achieved through the identification and utilization of synergies and opportunities in all segments of the agricultural and food value chain, internally and externally, to unlock value for both shareholders and stakeholders.

The VKB Group and brand is growing in stature and has establish itself amongst the leading agricultural companies in South Africa. Dedicated, skilled employees, satisfied and loyal customers, a visionary board and innovative, effective, involved management with dedicated suppliers are some of the influencing factors culminating the success that is achieved.

VKB Group IS OUR PARTNER IN          

Free Statevkb@vkb.co.zavkb@vkb.co.zahttp://www.vkb.co.za
COMPANY INFORMATION

Year founded: 1909
Headquarters: Reitz, Eastern Free State
Retail Outlets: 50
Associations: Authorised Financial Services Supplier (FSB 4813), Authorised Credit Supplier (NCRCP 477)

 

BUSINESS & FINANCE

Turnover: Over R5 Billion
Bank: Standard Bank
Key stakeholders: The company has 3 500 shareholders whom are all agricultural producers. VKB has a unique cooperative business model where the biggest section of the company’s yearly profit, before tax, is awarded to clients as an incentive.

Description of activity: VKB’s primary business revolves around the supplying of production inputs to the agricultural producers, as well as the handling, storing and marketing of grain. Services accompanying this include finance, insurance, mechanisation, agricultural development and seed processing.

Furthermore, VKB is involved in value-adding activities such as mills, animal feeds, a chicken abattoir, soya oil press and a factory that supplies packaging.

COMPANIES & PARTNERSHIPS

Nu-Pro Feeds (Pty) Ltd, Nu-Pro Commodities (Pty) Ltd, Grain Field Chickens (Pty) Ltd, Free State Oil (Pty) Ltd, NTK Agricultural (Pty) Limited, Crown Bag (Pty) Ltd, Venda Roller Mills

COMPANY COMMITEES

Nomination Committee
Audit and Risk Committee
Social and Ethics Committee
Human Resources Committee
Grain Industry Committee

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