Daybreak Farms says it’s a going concern following sudden CEO exit

Daybreak Farms is a going concern, the black-owned poultry producer, said on Thursday after media scrutiny in the wake of the resignation of its CEO, Richard Manzini, tasked with turning around the troubled firm. "Regarding recent media reports, we can confirm that Daybreak is not being liquidated. We value our relationships with all stakeholders, including Shoprite, and appreciate their ongoing support," it said in a statement sent to Business Report. This comes after Business Report earlier this week reported Financial troubles at Daybreak Farms: PIC's silence during management crisis. Media speculation is rife that its main shareholder, the Public Investment Corporation (PIC), allegedly rejected a request for an additional R250 million loan to aid the financially stressed company, leading to Manzini's abrupt exit. However, Daybreak said that Manzini had resigned…