Africa’s Biggest Fund Manager Seeks Buyer for Chicken Business

Africa’s biggest fund manager is seeking a buyer for Daybreak Foods (Pty) Ltd., its wholly owned chicken business in South Africa that has been plagued by scandals and a business-rescue process.

The Public Investment Corp., which manages 3.7 trillion rand ($220 billion) in South African state-worker pension funds, plans to sell “more then 60%” of the company, Chairman David Masondo said in reply to questions.