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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

Clover increases revenue to R9.8bn, cost efficiency drive pays off

13th September 2016 JSE-listed dairy products manufacturer Clover has improved its revenue for the year ended June 30 by 6%, to R9.8-billion, despite having faced numerous economic headwinds in the year under review. “We had a tough year, no doubt. We had a deflationary year in dairy,” Clover CEO Johann Vorster told... 

RCL Foods' revenue up, chicken and sugar still ‘real’ challenges

31st August 2016 JSE-listed RCL Foods' revenue for the 12 months to June 30 increased by 6.8% to R25-billion, up on the R23.4-billion in 2015, the first full year of operating under its new structure and leadership. RCL Foods CFO Rob Fields told Engineering News in a telephone interview on Wednesday that the... 

Pioneer to shell out £7.5m for Streamfoods

1st August 2016 JSE-listed Pioneer Foods has entered into an agreement to acquire the entire issued share capital of UK-based Streamfoods, wholly owned by the Wellness Group of companies, for £7.5-million. The acquisition was in line with the stated strategic intent of acquiring and bolstering Pioneer Foods’... 

Monsanto to extend confined field trial permits

29th July 2016 Agriculture company Monsanto has applied to extend the confined field trial (CFT) permits of three genetically improved maize products involved in CFTs in four provinces across South Africa. A decision expected prior to the start of the country’s planting season, which takes place around October. 

AB InBev raises offer for SABMiller

26th July 2016 Multinational beverage and brewing company Anheuser-Busch InBev (AB InBev) has made a revised and final offer for the entire issued and to be issued share capital of JSE-listed SABMiller. This development follows a July 22 conversation between SABMiller’s chairperson and that of AB InBev on the... 

Details of proposed tax on sugar-sweetened beverages published

22nd July 2016 National Treasury published a policy paper and proposals on the taxation of sugar-sweetened beverages (SSBs) for public comment earlier this month. “Fiscal interventions such as taxes are increasingly recognised as effective complementary tools to help tackle the problem of negative externalities... 

Zambia Sugar commissions $80m capacity expansion project

22nd July 2016 Zambia’s largest sugar producer, Zambia Sugar, commissioned its more than $80-million Product Alignment and Refinery (PAAR) project at its Mazabuka-based Nakambala factory on Wednesday on time and within budget. The PAAR project spoke to the long-term confidence that Zambia Sugar, supported by... 

Famous Brands looks to capitalise on tomato paste shortage

15th July 2016 JSE-listed Famous Brands plans to capitalise on the tomato paste shortage in South Africa through its acquisition of a tomato paste manufacturing plant, Cape Concentrate, in the Coega precinct, in the Eastern Cape, for an undisclosed amount. Funded from cash reserves, the acquisition was in line... 

Proposed tax on sugar-sweetened beverages published

8th July 2016 National Treasury published a policy paper and proposals on the taxation of sugar-sweetened beverages (SSBs) for public comment on Friday. The problem of obesity had grown over the past 30 years in South Africa, resulting in the country being ranked the most obese country in sub-Saharan Africa. 

Zambia Sugar commissions $80m capacity expansion project

6th July 2016 Zambia’s largest sugar producer, Zambia Sugar, commissioned its more than $80-million Product Alignment and Refinery (PAAR) project at its Mazabuka-based Nakambala factory on Wednesday on time and within budget. The PAAR project spoke to the long-term confidence that Zambia Sugar, supported by... 

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