South Africa’s PIC Gives Funds to Chicken Producer to Save Birds

South Africa’s biggest money manager will give financial support to state-owned poultry producer Daybreak Foods after reports of birds starving to death.

The Public Investment Corp. will allocate 74 million rand ($4.1 million) to provide immediate working capital for Daybreak’s liquidity needs, according to an emailed statement. The amount was initially earmarked for capital expenditure and is part of a 250 million rand facility that was set aside for the company earlier.