Notice: Acceptable Security Under Meatco’s Fixed-Price Slaughter Contract

28 Aug 2020

Dear Esteemed Producers,

This notification serves to inform all our valued producers wishing to deliver cattle to Meatco under the newly re-introduced Fixed-Price Slaughter Contract scheme that the following are acceptable securities to Meatco.

  1. A Bank Guarantee; or
  2. A Cession of Debts (with respect to debts which are now due or may be due in future by Meatco to the Producer); or
  3. A letter of Good Standing issued by a bank.

Meatco may from time to time review the list of acceptable securities as circumstances necessitate.

Kindly contact our Livestock Production and Value-addition Department for any further clarity.