MIT

Meat Industry Trust

Introduction

The Meat Board collected statutory Levies from the industry to fund their activities and during the process built up considerable reserves. Once the decision had been taken to disband the control boards the Board of Directors approached the Minister of Agriculture at the time to transfer the residual Meat Board funds into two Trusts; namely the Meat Industry Trust for the funds to be utilized to the good of the entire red meat industry, and the Red Meat Research and Development Trust to fund red meat research projects. It was agreed that the Meat Industry would nominate three trustees and the Minister would nominate an additional three trustees to administer the funds. The Trust deeds specify that the capital should not be eroded and only the returns on the investments to be expended. Applications can be made to the trust for the funding of red meat specific projects for evaluation on the merits there of by the Trustees. Trust meetings are held routinely to evaluate investment portfolios and to evaluate applications for funding.

MIT Bursary Committee

Dr DPJ Opperman (Chairman) Dr RT Naude Dr H Meissner Dr L Simela Dr M Griessel Dr V Toni – Pexa (Observer) Mr Z Xalisa (Observer) Stoffel Matthis (Secretary) P O Box 244 La Montagne Cell: 082 399 8908 Fax: 012 807 1367 E-mail: stoffelm@lantic.ne

Contact Details

P.O Box 36802
Menlo Park
0102

Tel: (012) 348 7572
Fax: (012) 361 2382