New silo complex of OTK on the background Expanding services of OTK OTK-Ginneries (Marble Hall) During a 1974 annual meeting at Groblersdal, a petition signed by 519 farmers, was submitted with a request that OTK undertake the management of cotton. This request was considered kindly by the Board of Directors and on 8 October 1975, the first cotton was officially seeded. Livestock feed factory (Kinross) During 1978 OTK entered Fodder industry, with the creation of a show off animal feed factory at Kinross. Eighteen months after the entry, circled the Co-operative’s activities so wide that OTK’s Trade department was nearly distributing 5 000 tons of balanced feeds each month to members. Agricultural Extension The Agricultural Development department has been in existence for 27 years and valuable guidance has been provided to farmers in the OTK area. Although this department has professionally trained people, they have aimed at practical research as their objectives. A Highveld farm, Wildebeestfontein, was bought for this purpose and intensive agriculture and animal husbandry research is done here. OTK also has an experimental farm, Oudestad, near Groblersdal; where valuable research is done. Accounting Department Sound financial management is an essential link in the process of progress in any business. OTK’s Accounting Department played a very important role over the years in the success of the Co-operative. The functions of the Department can be divided into three main functions: Financing, which includes all aspects relating to credit management, members and nonmembers accounts; Finance and accounts, which controls all accounting functions of the Co-operative; Internal Control and planning, including budgeting, cost accounting, internal control and planning, accounts automating services, assets registers and taxes sorting. 85
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