Remgro Limited (JSE:REM) is looking for acquisition opportunities. Jannie Durand, Chief Executive Officer of Remgro said, “Most of the acquisitions that we were looking at are being done via the platforms with RCL Foods Limited (JSE:RCL), we did acquisitions there. And on the infrastructure side we have a fund and we've got Grindrod Limited (JSE:GND) and we're looking at acquisitions there.

So going forward you will see that most of the acquisitions will probably be via the platforms and via existing investments. So we will actually support our investments in doing acquisitions which means you will probably see less acquisitions at the centre. Grindrod has announced that they will be going on a capital-raising exercise so they're seeing quite a few opportunities.

Secondly, in RCL where we're looking at a couple of opportunities in Africa to expand the business there. We've just recently announced an acquisition of Senn Foods in Botswana. So those are the two main areas where we are looking for acquisitions.