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Agroprocessing News

Tongaat warns of significant decreases in interim profit, earnings

By: Simone Liedtke 5th October 2018 JSE-listed agriculture and agroprocessing group Tongaat Hulett on Friday warned that its operating profit for the six months ended September 30, is expected to be at least 40% below the R1.4-billion earned in the prior comparable period. The company attributed the decrease to land conversion and... →

Davies to follow up on Saudi Arabia’s $10bn investment pledge

By: Simone Liedtke 1st October 2018 Trade and Industry Minister Dr Rob Davies will, this week, co-chair the eighth session of the South Africa-Saudi Arabia Joint Economic Commission (JEC), in Saudi Arabia, while simultaneously following up on Saudi Arabia’s $10-billion investment pledge to South Africa. This session of the JEC will... →

Angola, IFC court South African investors

By: Nadine James 21st September 2018 World Bank Group executive director for Angola, Nigeria and South Africa Bongiwe Kunene says a roundtable event taking place on September 24, will enable South African businesses and investors to explore the growth opportunities in Angola created as a result of the 2017 election of that country’s... →

African Rainbow Capital to acquire 25% of Moloto Capital Investments

By: Marleny Arnoldi 20th September 2018 Investment holding company African Rainbow Capital (ARC) Investments has subscribed for a 25%interest in black-owned and women-controlled investment company Moloto Capital Investments, which is focused on driving empowerment in the industrial and manufacturing sectors in the country. The... →

Quantum Foods sees 219% jump in earnings for year ending September

By: African News Agency 12th September 2018 Diversified feeds and poultry business Quantum Foods said on Wednesday it expected headline earnings per share (HEPS) for the twelve months ending September 30 to be at least 219% or 107.5c higher than reported in the same period last year. "This implies that for the twelve months ending 30... →

Tongaat Hulett appoints interim CEO

By: Simone Liedtke 7th September 2018 Sydney Mtsambiwa has been appointed as the interim CEO of JSE-listed agriculture and agroprocessing group Tongaat Hulett, with effect from November 1, following the retirement of long-serving CEO Peter Staude. Mtsambiwa will serve as the interim CEO until the board has finalised the appointment... →

South African farmers play chicken with Trump tariffs

By: Reuters 29th August 2018 Herman Pretorius is just the kind of white South African farmer US President Donald Trump expressed concern for when he barged into the country's delicate land reform debate by ordering an investigation into the "large-scale killing of farmers". But for the greying, bespectacled 58-year-old,... →

Agricultural organisations commit to developing national strategy

By: Simone Liedtke 27th August 2018 The presidents of the African Farmers Association of South Africa (Afasa), the National African Farmers Union of South Africa (Nafu SA), Agri SA and the Transvaal Agricultural Union of South Africa (Tau-SA), as members of the Agri Sector Unity Forum (Asuf), on Monday declared their intent to work... →

Trawling for a cleaner environment

24th August 2018 An international study has revealed that South African Hake has a low environmental impact; this and the fact that South African Hake comes from a sustainable and well managed fishery, makes it a good choice over beef and many other forms of animal proteins. According to the study − published in... →

HAKING ITS TOLL Hake takes less toll on the environment than most other farmed proteins

African cacao-producing country starts making top-quality chocolate

By: Rebecca Campbell 24th August 2018 Cooperation between a South African and a British business has resulted in the establishment of the first ever chocolate factory in the West African island state of São Tomé e Príncipe. The enterprises are HBD Venture Capital (HBD standing for “Here Be Dragons”), an enterprise of South African... →

Gauteng rapid land release programme to be launched next week

By: Simone Liedtke 22nd August 2018 Gauteng Premier David Makhura will, on August 31, launch the province’s rapid land release programme, in which he plans to make provincial land and buildings available for the development of human settlements and for urban agriculture projects. Speaking at the Johannesburg Chamber of Commerce and... →

US poultry industry to urge retaliation if South Africa ends quota

By: Reuters 22nd August 2018 The United States poultry industry will press its government to retaliate if South Africa suspends a quota that excludes some US imports from an anti-dumping tariff, the head of a poultry trade group said. The South African Poultry Association (SAPA) has filed a lawsuit seeking to force the... →

Poultry group seeks to suspend US import quota

By: Reuters 21st August 2018 The South African Poultry Association (SAPA) has filed a legal action to force the government to suspend a quota that excluded imports of US poultry from South Africa's anti-dumping tariff, a senior official with the association said on Tuesday. The decision by SAPA was a response to the Trump... →

New Asia market manager appointed for South African wines body

By: Schalk Burger 17th August 2018 Winemaker industry body Wines of South Africa (WoSA) has appointed Marcus Ford as its new Asia market manager, effective August 20. He will be based in Shanghai, China, and responsible for running all marketing activities throughout mainland China, Hong Kong and Japan, the organisation said on... →

Tiger Brands’ shares fall on lower FY18 earnings expectations

By: Simone Liedtke 16th August 2018 JSE-listed Tiger Brands’ share price fell by nearly 9.8% on Thursday morning after it announced that its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year to end September 30 are likely to decrease by 22% to 37% year-on-year. It reported EPS of R19.15 and HEPS... →

Davies endorses Itac’s recommendation of increase in sugar import duties

By: Simone Liedtke 15th August 2018 Trade and Industry Minister Dr Rob Davies has endorsed the International Trade Administration Commission of South Africa’s (Itac’s) recommendation for an increase in import duties on sugar to $680/t. While the level is not at the maximum bound rate, as initially requested by the industry in the... →

Tribunal approves Zaad, Hygrotech merger

By: Marleny Arnoldi 13th August 2018 The Competition Tribunal has approved the merger of Zaad Holdings and Hygrotech Properties, which are both involved in the breeding, producing, processing and distribution of agricultural seeds. Zaad, which will be the controlling company, specialises in forage seeds, and is also involved in... →

AfDB head calls for agriculture technologies to optimize African farmers' output

By: African News Agency 10th August 2018 African farms should be given access to technologies that will enhance production, with evidence from countries such as Nigeria demonstrating that technology coupled with strong government backing are yielding positive results, African Development Bank (AfDB) president Akinwumi Adesina has said.... →

W Cape focusing on creating certainty in agriculture sector

By: Erin Steenhoff-Snethlage 10th August 2018 The Western Cape provincial government is focusing on creating certainty for the agriculture industry by trying to ensure that farmers can continue farming and save jobs by requesting an increase in the water allocation to the industry from the Department of Water and Sanitation (DWS), says... →

CERTAINTY NEEDED Farmers are positive about recent rains in the Western Cape, but more rain is needed to sustain recovery efforts

South Africa has significant potential for biopharming, bio economy

By: Erin Steenhoff-Snethlage 10th August 2018 Judging by the number of patent applications filed for biopharming inventions by local universities, research councils and science councils, there is significant potential for South Africa to create an industry around biopharming, claims intellectual property firm Spoor & Fisher. “Biopharming is... →

Photo by Bloomberg
BIOPHARMING POTENTIAL Maize, potato, and tobacco plants can be used in biopharming

DA proposes free trade, cost and regulatory reductions to stimulate manufacturing

By: Schalk Burger 7th August 2018 Political party, the Democratic Alliance (DA), on Tuesday proposed increased free trade and reducing regulatory burdens and energy costs to stimulate manufacturing in South Africa. In its policy proposal, ‘Manufacturing a new economic future’, the party states that “an effective trade policy... →

Staude to retire as Tongaat CEO; CFO to take extended medical leave of absence

By: Creamer Media Reporter 6th August 2018 Peter Staude will retire as CEO of JSE-listed Tongaat Hulett, with effect from October 31. He worked for the company for 40 years and served as CEO for the past 16 years. →

System installed at sugar refinery

20th July 2018 Industrial equipment group Goscor Cleaning Equipment (GCE), in partnership with authorised dealer Maverick Industrial Cleaning Solutions, recently supplied and installed a Delfin vacuum system at agroprocessing company Tongaat Hulett sugar refinery in Rossburgh, Durban, the company noted in a... →

SYSTEM SUPPLY The Delfin vacuum system was supplied and installed through Maverick Industrial Cleaning Solutions

SA’s ambitious Youth Employment Service starts taking shape

By: Marleny Arnoldi 20th July 2018 The Youth Employment Service (YES) aims to create one-million jobs within three years to help alleviate the situation of six-million unemployed youths in South Africa, 60% of whom reside in townships and rural areas. YES was established by the CEO Initiative, which is a partnership created... →

YES CEO Tasmia Ismail-Saville discusses the first hub opening and company involvement towards the initiative. Camerawork and Editing: Nicholas Boyd.

Chemicals factory to support value chain opened in Maluti-a-Phofong SEZ

By: Schalk Burger 6th July 2018 An industrial chemicals factory opened in the Maluti-a-Phofong special economic zone (SEZ), in Harrismith, Free State, will play a key intermediate role in supporting the value chains that pass through this transport node, says the Industrial Development Corporation (IDC) Chemicals and Textiles... →

KEVALI FACTORY IN HARRISMITH Visitors and dignitaries tour the new chemicals factory in July

Danone's Morocco dairy firm loses 50% of milk market – CEO

By: Reuters 27th June 2018 France's Danone will never quit Morocco despite its local dairy firm Centrale Danone having lost more than 50% of its market share in fresh milk due to a consumer boycott, Danone's chief executive said on Tuesday. Unknown activists launched a consumer boycott campaign on April 20 against major... →

Sub-Saharan farmers to fight Fall Armyworm with new digital weapon

By: African News Agency 26th June 2018 The fight by sub-Saharan farmers against the Fall Armyworm pest, which has devastated crops and threatened food security for 300-million people, has gone digital. The United Nations (UN) has reported that the new weapon which was launched by the Food and Agriculture Organisation (FAO) and... →

South African sugar industry to march over influx of imports

By: African News Agency 26th June 2018 Hundreds of sugar cane farmers from KwaZulu-Natal and Mpumalanga provinces will on Tuesday march to the Department of Trade and Industry in Tshwane demanding that a tariff on sugar be reinstated to protect the domestic industry from cheap imports. The South African Sugar Association (SASA) said... →

Avocado 'green gold' ripe and ready for South Africa's farmers

By: Reuters 21st June 2018 Whether you like to squash it onto your toast in the morning, millennial-style, eat it to cut your cholesterol with healthy unsaturated oil, or moisturise your face with it - if you live in the West, you're probably rarely far from an avocado. And that is very good news for South Africa's... →

South Africa’s metrology institute reports successful food safety conference

By: Rebecca Campbell 14th June 2018 The National Metrology Institute of South Africa (NMISA) announced earlier this week that it had held its first Africa Food Safety Workshop during the first week of this month, in Pretoria. The event was attended by delegates form South Africa, Africa and the rest of the world. They represented... →

Africa's largest fishing firm Oceana could lose fishing rights in Namibia

By: Reuters 6th June 2018 Africa's largest fishing company Oceana Group faces a battle to hold onto its fishing rights in Namibia after the southern African country said listed firms would no longer be awarded quotas. Bidvest Namibia, which is listed on Namibia's stock exchange, could also lose its local fishing rights... →

AgriProtein aims to break ground on R500m Gauteng fly factory in November

By: Irma Venter 6th June 2018 Waste-to-nutrient group AgriProtein aims to break ground on its second South African fly factory in November. AgriProtein rears fly larvae on organic waste and harvests the larvae to make natural, high-protein animal and fish feed products. →

The Cape Town fly factory

African Swine Fever outbreak reported in South Africa

By: Reuters 31st May 2018 African Swine Fever (ASF), a severe haemorrhagic disease of pigs, has been reported in South Africa's Northern Cape Province, the department of agriculture said on Thursday. The new blow to South Africa's pork industry comes as prices tumble after a Listeria outbreak that has killed more than 200... →

Albany reopens Virginia bakery after R70m refurbishment

By: Anine Kilian 31st May 2018 Bread producer Albany has reopened its bakery in Virginia, in the Free State, following a R70-million refurbishment. The new bakery will initially operate for 12 hours a day, across two shifts, with plans to eventually increase output to full capacity, baking for 24 hours a day, across three shifts. →

DTI, stakeholders establish sugar value-chain task team to address industry challenges

By: Marleny Arnoldi 29th May 2018 The Department of Trade and Industry (DTI) has established a sugar value-chain task team, comprising representatives from the beverage industry, retailers, the South African Sugar Association (Sasa), smallholder farmers, small manufacturers and the Industrial Development Corporation of South... →

Tongaat Hulett reports R1.9bn FY18 operating profit

By: Simone Liedtke 28th May 2018 Agriculture and agroprocessing business Tongaat Hulett’s operating profit for the year ended March 31 reached just over R1.9-billion, with the company’s sugar operations recording an operating profit of R837-million, despite being adversely affected by several factors. Among these, were imports... →

Avian flu still affecting agricultural cycles – Quantum Foods

By: Simone Liedtke 24th May 2018 The first six months of the current financial year proved how quickly agricultural cycles can change, says diversified feeds and poultry business Quantum Foods. This is evidenced through two main factors influencing the macroenvironment during this period, ended March 31. →

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