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Food & Beverage News

Pioneer Foods four months revenue up 7.8%, buoyed by UK price inflation in UK

By: African News Agency      15th February 2019 Pioneer Foods said on Friday its turnover increased by 7.8% in the four months to 31 January, primarily driven by price inflation in bread, wheat flour, rice, export fruit and a sound volume growth in these products and breakfast cereals in the UK. The owner of brand names such as Weet-Bix,... 

Grand Parade to close Dunkin', Baskin Robbins in South Africa

By: Reuters     15th February 2019 Grand Parade Investments said on Friday it had filed to close its Dunkin' Donuts and Baskin Robbins franchises in the country due to poor performance and would instead channel capital into its chain of Burger King outlets. "The decision to exit Dunkin' Donuts and Baskin Robbins was made following... 

Operations to be ramped up at edible-oil plant

By: Halima Frost     15th February 2019 Civil and structural engineering firm ADA Consulting is set to complete the upgrade of edible-oil supplier CEOCO’s Boksburg plant, in Gauteng by September. ADA Consulting MD Paul Maitre tells Engineering News that the project, although well on its way to completion, needs “an extra boost just to... 

Operations to be ramped up at edible-oil plant
NO CROP CIRCLE The circular foundation where the storage silos will be placed can be seen from an aerial view of the plant

Rising costs, declining prices play chicken and egg with Quantum Foods earnings

By: African News Agency      13th February 2019 Quantum Foods said on Wednesday that the increase in feed raw material costs and a decrease in egg selling prices had a significantly negative impact on earnings for the first four months of 2019 compared to the same period in the previous year. This as earnings in the corresponding period of the... 

Tongaat appoints CFO

By: Creamer Media Reporter      11th February 2019 JSE-listed agroprocessing company Tongaat Hulett has appointed Rob Aitken CFO, effective March 1. He has been serving as the company's acting CFO since August 2018, when former CFO Murray Munro took a medical leave of absence. 

Brimstone second-guesses Clover deal following BDS outcry

By: Nadine James     7th February 2019 JSE-listed Brimstone Investment Corporation is reviewing its participation in the proposed buyout of Clover Industries, following an outcry by human rights and Palestine solidarity organisation BDS South Africa. Clover and Brimstone separately reported on Monday that Milco SA – a new company... 

South African exporters urged to exploit Germany’s new Africa-specific initiatives

By: Nadine James     7th February 2019 South African exporters should take advantage of new German initiatives on Africa, as they are geared towards stimulating business, trade and economic development, South Africa’s Foreign Economic Representative in Germany Jacob Moatshe stated at the Fruit Logistica Berlin trade fair, on... 

South African exporters urged to exploit Germany’s new Africa-specific initiatives
South Africa's Foreign Economic Representative in Germany Jacob Moatshe

Astral Q1 operating profit ‘considerably’ lower year-on-year

By: Tasneem Bulbulia     5th February 2019 Astral Foods’ operating profit for the first fiscal quarter ended December 31, 2018, was considerably lower than that of the corresponding period in the previous year, and will have a negative impact on the company’s results for the six months to March 30. The company on Tuesday pointed out that... 

Sea Harvest seeks to acquire remaining Mareterram shares

By: Simone Liedtke     5th February 2019 JSE-listed fishing business Sea Harvest has entered into a binding bid implementation agreement with its 56.3% held Australian subsidiary, Mareterram, to potentially acquire the remaining shares of Mareterram by way of an off-market takeover offer. Sea Harvest is offering A$0.25 for each... 

Clover’s shares rise on buyout offer

By: Simone Liedtke     4th February 2019 Dairy firm Clover Industries’ JSE-listed shares rose by 21% on Monday morning after it announced that it had entered into an implementation agreement with Milco South Africa (SA), which intends to make an offer to acquire all of Clover’s issued shares. Milco SA is a new company formed by a... 

Clover’s shares rise on buyout offer

Biltong receives gas flush and packaging makeover

1st February 2019 South Africa’s unique and favourite snack, biltong, has received a packaging makeover from equipment manufacturer Safari-Vac, in partnership with modified atmospheric packaging (MAP) specialist Afrox. To give biltong a longer shelf life, industrially produced biltong can now be sold in MAP.... 

Biltong receives gas flush and packaging makeover
BEST-LOVED SNACK Biltong, South Africa’s best known snack, stays fresher for longer with this new technology

Taste Holdings receives formal approval for R132m rights offer

By: Tasneem Bulbulia     30th January 2019 Taste Holdings has received formal approval for the rights offer circular from the Issuer Regulation Division of the JSE. Taste in December announced its intention to raise R132-million from its shareholders by way of a fully underwritten renounceable rights offer of 1.32-million shares. 

EXEO Capital buys 36% stake in juice maker Jumbo Brands

By: African News Agency      30th January 2019 Private equity manager EXEO Capital on Wednesday announced that their Agri-Vie Fund II has acquired a 36.5 percent stake of South African non-alcoholic beverage manufacturer, Jumbo Brands.  Avril Stassen, a senior partner at EXEO Capital, said Agri-Vie Fund II has had its eye on an investment... 

Tiger Brands to sell part of its Oceana shareholding to Brimstone

By: Tasneem Bulbulia     24th January 2019 Tiger Brands will sell a part of its shareholding in South African fishing company Oceana Group to Brimstone Investment Corporation, which already owns a 16.98% stake in Oceana, for about R581-million. The parties have agreed that Brimstone will acquire about eight-million Oceana shares,... 

Wine export values rise despite drought, lower volumes

By: Marleny Arnoldi     22nd January 2019 Despite 2018 being a challenging year for the wine industry, with a low-yielding harvest owing to the regional drought, the Wines of South Africa (WoSA) Export Report has found positive growth in the overall value of exports. The 4% increase in the value of exports to R9.06-billion reflected... 

Wine export values rise despite drought, lower volumes

Distell launches new premium wine company

By: Tasneem Bulbulia     15th January 2019 Distell is launching Libertas Vineyards and Estates as a new standalone company with ownership of all Distell’s premium wine brands, the company announced in a statement on Tuesday. Libertas Vineyards and Estates MD Kay Nash said the move was a “significant shift” from Distell’s previous approach... 

Agri-hub seen as key post-mining-economy jobs driver in west Gauteng  

By: Terence Creamer     14th January 2019 An ambitious plan to develop Gauteng’s West Rand into an agri-industrial hub, primarily producing high-value crops for domestic and export markets, is starting to take shape and is expected to be officially launched during the first quarter of 2019. The initiative has been branded ‘Bokamoso Ba... 

Agri-hub seen as key post-mining-economy jobs driver in west Gauteng
Photo by Sibanye-Stillwater
The programme is part of bigger plan to build a sustainable post-mining economy in the West Rand

Taste appoints new CFO

By: Creamer Media Reporter      11th January 2019 JSE-listed Taste Holdings has appointed Hannes van Eeden CFO, effective January 14. Van Eeden is a qualified chartered accountant and an experienced CFO, the company said on Friday. 

AB InBev soars on possible IPO of Asian business 

By: Bloomberg     11th January 2019 Anheuser-Busch (AB) InBev's shares jumped the most since 2015 after people with knowledge of the matter said the world’s largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven,... 

Agbiz appoints GM for Fruit Desk initiative

By: Marleny Arnoldi     11th January 2019 Agricultural Business Chamber South Africa (Agbiz) has appointed Stephanie van der Walt Fruit Desk GM. The Fruit Desk is an initiative of Fruit South Africa, specifically the Citrus Growers Association, Hortgro, the South African Table Grape Industry and the Fresh Produce Exporters Forum, in... 

Zimbabwe's Delta hikes price of beer as liquidity crunch bites

By: African News Agency      8th January 2019 Zimbabwe’s largest drinks company Delta Corporation has resorted to increasing the price of clear beer by an average 25% after the government stopped it from selling exclusively in United States dollars. “The adjustment of the wholesale price is meant to cushion against the significant increases... 

Gold Brands still in talks about selling assets to rescue dying business

By: African News Agency      4th January 2019 Troubled fast-food franchising group Gold Brands said on Friday negotiations that may result in the acquisition of one of its subsidiaries or a stake in the group were still in progress, and if successfully concluded may have a material effect on its share price. In August trading in the... 

Aspen says on track to dispose of baby milk business

By: Reuters     14th December 2018 Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35% within a week after it announced the sale of its infant formula business in September to French company Lactalis... 

Famous Brands' UK burger chain shuts 14 struggling stores

By: Reuters     12th December 2018 Famous Brands said on Tuesday its UK-based unit Gourmet Burger Kitchen (GBK) has closed 14 out of 17 under-performing stores following the approval of a restructuring plan by creditors. A string of British store groups have either gone out of business or announced plans to close shops this year,... 

Tiger Brands to reopen Polokwane meat products processing facility

By: Tasneem Bulbulia     7th December 2018 Tiger Brands on Thursday received a Certificate of Acceptability from the Capricorn Municipality for its value-added meat products processing facility in Polokwane, Limpopo, allowing for the production of ready-to-eat products to restart immediately. The certificate was issued after a rigorous... 

Class action against Tiger Brands certified by High Court

By: Simone Liedtke     3rd December 2018 The Johannesburg Local Division of the High Court of South Africa has granted an order certifying a class action against Tiger Brands. The class action certification follows a listeriosis outbreak in March at Tiger Brands’ subsidiary Enterprise Foods’ manufacturing facility in Polokwane, which is... 

Coca-Cola Beverages Africa appoints new group chief executive

By: African News Agency      3rd December 2018 Coca-Cola Beverages Africa (CCBA) on Monday announced the appointment of Jacques Vermeulen as its new group chief executive, with effect from December 1. The company said Vermeulen has served as managing director of CCBA’s International Division, which covers all of CCBA’s Africa operations... 

ELB awarded design, supply contract for Illovo sugar system in Malawi

By: Marleny Arnoldi     3rd December 2018 ELB Engineering Services has been awarded the design and supply contract for the sugar supply system for Illovo Sugar Malawi’s Dwangwa packing facility, in Malawi. ELB will provide Illovo with a new sugar supply system that complies with the sugar producer’s hygiene requirements, while reducing... 

More firms show interest in buying South Africa's Clover

By: Reuters     30th November 2018 South Africa's Clover Industries said on Friday other unnamed firms have shown interest in buying all its shares, after the dairy firm said in October it was in talks with a potential suitor. Clover, which processes products including yoghurt, beverages, cheese and olive oil, has not named any of... 

Taste halts Domino's and Starbucks store expansion

By: Reuters     27th November 2018 South Africa's Taste Holdings said on Tuesday it had halted the roll out of new Domino's Pizza and Starbucks stores after reporting a loss in the first half of its financial year. South African retailers have struggled to lift earnings this year in the recession-bound economy as elevated... 

Nampak produces ‘pleasing’ FY18 results despite challenging environment

By: Nadine James     27th November 2018 Packaging company Nampak has achieved positive results for its continuing operations for the financial year ended September 30, with profit up 29% year-on-year to R1.2-billion and headline earnings a share up 15% year-on-year to 168.7c a share. Nampak CEO André de Ruyter told Engineering News... 

Tiger Brands to spin off 42% stake in Oceana

By: Reuters     22nd November 2018 Tiger Brands, which is recovering from a food contamination crisis, said on Thursday it will spin off its 42.1% stake in Oceana Group worth $330-million to focus on growing its core food and drinks business. "The decision was taken following a review of Oceana's fit with the group's core business... 

Tiger Brands food revenues decline 52% to R1.1bn after products recall due to listera outbreak

By: African News Agency      22nd November 2018 Packaged goods company Tiger Brands said on Thursday that its food revenue declined 52% to R1.1-billion for the year ended 30 September.  The company said it suffered abnormal losses of R422-million in this period, including the significant impact of the value-added meat products (VAMP) recall of... 

Astral commits to R1.1bn in expansion projects 

By: Simone Liedtke     19th November 2018 On the back of President Cyril Ramaphosa’s recent investment drive and stimulus plan, integrated poultry producer Astral Foods has committed R1.1-billion to expansion projects over the next three years. This is the JSE-listed company’s first major expansion in its poultry division in a decade and... 

Astral commits to R1.1bn in expansion projects

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production

By: Marleny Arnoldi     19th November 2018 Nespresso, an operating unit of Nestlé Group, will be the first company to use responsibly-sourced aluminium from global miner Rio Tinto to produce its coffee capsules. The two companies have signed a memorandum of understanding (MoU) to work together with Nespresso’s capsule manufacturers to... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production
Nespresso using Rio Tinto's responsibly-sourced aluminium in coffee capsule production

Wine looking positive in the face of poor economy

16th November 2018 Despite the poor performance of the economy, industrial research company BMi Research says the wine industry yielded a positive volume growth relative to the previous year. The company notes that the growth in production may be attributed to farmers investing in improved irrigation systems as... 

Wine looking  positive in the face  of poor economy
MALTITUDE OF BEERS With lower incomes households are opting for cheaper beers at home instead of at restaurants

Big five to save water for wine producers

By: Halima Frost     16th November 2018 Owing to the prolonged drought that has caused severe challenges, the local wine industry is researching more efficient ways of monitoring and managing water use through five projects, says representative body of the South African wine industry Vinpro. This comes after what has been recorded as... 

Big five to save water for wine producers
RIPE FOR THE PICKING The harvest done at exactly the right time makes for a good wine
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