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Tracy Hancock

Tracy Hancock

Tracy Hancock is Creamer Media Senior Deputy Editor Features for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Sugar drags down record performance of other Tongaat divisions

30th May 2016 JSE-listed sugar producer Tongaat Hulett’s cash flow from operations took a significant blow in the year ended March 31, owing to its sugar production reducing by a further 291 000 t to 1.023-million tons from 1.314-million tons and 1.424-million tons in 2015 and 2014 respectively. Tongaat Hulett... 

Famous Brands yields growth amid adverse trading environment

30th May 2016 While the current adverse trading environment is widely acknowledged and reported on, JSE-listed Famous Brands says it remains optimistic and enthusiastic about the opportunities presented by the food service industry in South Africa. The company advised shareholders on Monday that South Africa... 

Famous Brands buys Western Cape potato processor

26th May 2016 Although the South African potato processing industry is growing rapidly to meet increasingly strong demand fuelled by the brisk growth in food services and the convenience market, JSE-listed Famous Brands says it lagged its peer industries in developed countries, illustrating the growth... 

Taste Holdings takes knock as it aims for growth

25th May 2016 JSE-listed Taste Holdings reported an operating loss of R78.7-million for the year ended February 29, compared with a R31.6-million profit in the year ended February 28, 2015. In 24 months, Taste Holdings had become the licensee of the worlds’ leading pizza delivery and ecommerce brand, Domino’s... 

Astral Foods’ HEPS falls on lower poultry profits

16th May 2016 JSE-listed Astral Foods stated on Monday that the decrease in headline earnings from R387-million for the previous year's first six months to R299-million for the period under review was attributable to lower profits from the poultry division following mainly drought-related increases in feed... 

Deal struck for disposal of SABMiller’s Panamanian business

13th May 2016 Multinational brewing and beverage company Anheuser-Busch InBev (AB InBev) has agreed to transfer JSE-listed SABMiller’s Panamanian business to Latin-American brewing company Ambev, should its merger with the South African beer and soft drinks company be successful. In exchange, Ambev agreed to... 

Record macadamia nut prices forecast for 2016 season

12th May 2016 Hit by tumultuous market conditions in 2015, macadamia nut farmers are expected to see record prices for the 2016 season, owing to a combination of the drought in South Africa and Malawi, consistent production levels elsewhere in the world, increased demand from the US and China, and the weak... 

AB InBev updates offer to divest SABMiller’s central, eastern European operations

29th April 2016 Multinational brewing and beverage company AB InBev has submitted an updated package of commitments to the European Commission (EC) in which it has offered to divest the entirety of JSE-listed SABMiller’s businesses in central and eastern Europe. This was in addition to the agreed sale of Peroni,... 

Agriculture a top priority for Zambia as copper slump bites

22nd April 2016 Copper, a significant economic driver in Zambia, had taken the country so far but would not be able to take it any further, said Zambian Deputy Agriculture and Livestock Minister Maxas Ng’onga on Thursday at the opening of the AGCO Future Farm training centre, in Lusaka, Zambia. As Africa’s... 

SABMiller files strong results, reflects strategy – Clark

21st April 2016 JSE-listed SABMiller has had a strong year and increased momentum in the second half across all its regions, notwithstanding economic volatility and the potential distraction of the takeover offer from multinational brewing and beverage company AB InBev, says SABMiller CEO Alan Clark. “Our... 

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