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Food & Beverage News

Unilever head urges South African firms to prioritise society not just shareholders

By: Terence Creamer     21st June 2016 The global head of consumer goods group Unilever has urged South African companies to eschew short-termism and begin integrating the United Nations’ 17 sustainable development goals (SDGs) into their operating models, describing their attainment as not only achievable, but also a high-return... 

Coca-Cola opens new $130m bottling plant in Mozambique

By: African News Agency      21st June 2016 Coca-Cola Bottling Company on Tuesday announced the official opening of its world-class bottling facility in Matola Gare, near Maputo, Mozambique. The plant, built over three years at a cost of $130-million, is the largest green-field facility in Coca-Cola Sabco’s history across its seven-country... 

SABMiller CEO to get R1.2bn payout – report

By: News24Wire      21st June 2016 SABMiller CEO Alan Clark will get a R1.2-billion (£55m) payout when Anheuser-Busch (AB) InBev takes over the company, the Financial Times (FT) revealed on Tuesday. Crunching the numbers from SABMiller’s annual report released on Monday, the UK-based finance publication said while Clark’s... 

SABMiller CEO to get R1.2bn payout – report

Patel to face competition watchdog in SABMiller merger

By: News24Wire      20th June 2016 The Competition Tribunal expects to hear a submission from Economic Development Minister Ebrahim Patel in the biggest proposed beer deal in history between Anheuser-Busch (AB) InBev and SABMiller. The proposed R1.657trn merger plan was reached in November as a way to gain access to emerging... 

Patel to face competition watchdog in SABMiller merger
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

Prioritise labour-intensive industries – EU Chamber

By: Nadine James     17th June 2016 The European Union Chamber of Commerce and Industry in Southern Africa (EUCCIISA) believes that the manufacturing sector and the Department of Trade and Industry (DTI) should prioritise less complex, labour-intensive production – as opposed to high-end, high-precision production –  to increase... 

Prioritise labour-intensive industries – EU Chamber
Photo by Bloomberg
DRIVING GROWTH? Industry stakeholders call for greater public-private engagement and warn against prioritizing high-end high-precision industries

Why SAB–AB Inbev won’t be freezing out craft brewers

By: African News Agency      10th June 2016 As Anheuser-Busch InBev (AB InBev) sails over the hurdles it must clear before gulping down SABMiller to form a company that would brew one in every three beers consumed globally, craft beer enthusiasts will be pleased to note that the South African Competition Commission has acted to protect... 

Why SAB–AB Inbev won’t be freezing out craft brewers

New best-in-class industrial robots launched this year

By: Nadine James     10th June 2016 Industrial automation solutions supplier Omron launched 49 new best-in-class Adept Robots in April. The robots – now available in 39 countries; including South Africa –  are integrated with Omron sensors, safety components and machine automation controllers that were all designed to simplify the... 

New best-in-class industrial robots launched this year
RISE OF THE MACHINES The robots' applications are relevant to most packaging lines

World our oyster, says Bidcorp CEO after unbundling and listing

By: Mia Breytenbach     10th June 2016 Following the listing on the Johannesburg Stock Exchange (JSE) of international broad-line foodservice group Bid Corporation Limited (Bidcorp), which houses the international and local foodservice operations and assets unbundled from Bidvest Group Limited, at the end of last month, Bidcorp CEO... 

World our oyster, says Bidcorp CEO after unbundling and listing
Photo by Duane Daws
INVESTMENT INROAD There are currently eight companies in the Johannesburg Stock Exchange food retailers and wholesaler sector with a market cap of about R220-billion

Another multimillion-rand expansion at Coega IDZ

By: Dylan Slater     10th June 2016 State-owned company for the development of 11 500 ha of industrial land in Port Elizabeth, the Coega Development Corporation (CDC), last month announced a R22-million expansion project by agroprocessing company Dynamic Commodities to be developed in Zone 3 of the Coega industrial development zone... 

Another multimillion-rand expansion  at Coega IDZ
MULTI-USER FACILITY A multi-user facility worth R86-million was recently launched in Zone 3 of the Coega industrial development zone

Bidcorp lists on JSE, creates platform for growth 

By: Mia Breytenbach     30th May 2016 International broad-line foodservice group Bid Corporation Limited (Bidcorp), which houses the international and local foodservice operations and assets unbundled from Bidvest Group Limited, has listed on the Johannesburg Stock Exchange (JSE) in an attempt to facilitate future growth. Speaking at... 

Bidcorp lists on JSE, creates platform for growth
Bid Corporation CEO Bernard Berson discusses Bidcorp's listing and outlook for the company in the current global economic climate. Cameraperson: Nicholas Boyd. Editing: Lionel da Silva

Company distributes stainless steel safety hinge solution

27th May 2016 The Leuze S420  stainless steel safety hinge switch, available from South African sensor solutions provider Countapulse Controls, offers an ideal solution for mechanically and hygienically challenging applications such as the food and beverage, pharmaceuticals or cosmetics industries. It is... 

Company distributes stainless steel safety hinge solution
LEUZE S420 A reliable and long-lasting solution that combines the safety switch and door hinge functions in a single component

UK-SA bilateral research chair to boost food security research in SA

By: Mia Breytenbach     27th May 2016 Amid rising food prices, coupled with one of the worst droughts the country has experienced, food security research in South Africa has received a much-needed boost from the Newton Fund, and National Research Foundation (NRF) UK–South Africa Bilateral Research Chair Initiative (SARChI) launched... 

UK-SA bilateral research chair to boost food security research in SA
Photo by Bloomberg
RESEARCH AIM The South African Research Chair Initiative in social protection for food security will address questions on food insecurity in South Africa

Joburg Market Day highlights agroprocessing, product export potential

By: Mia Breytenbach     27th May 2016 To highlight export possibilities for the agriculture and agroprocessing sectors, and target entrepreneurs, the City of Johannesburg (CoJ), the Joburg Market and various partners collaborated to host the Joburg Market Day for local and international stakeholders. Held last month at the Joburg... 

Joburg Market Day highlights agroprocessing, product export potential
Photo by Bloomberg
MARKET CONTRIBUTOR About 1.3-million tonnes of fruit and vegetables a year are sold at the Joburg market, which yielded a R5.3-billion turnover for the 2014/15 financial year

European Commissions approves AB InBev’s SABMiller buyout

By: Anine Kilian     25th May 2016 The European Commission (EC) has approved the proposed acquisition of JSE-listed SABMiller by Anheuser-Busch InBev (AB inBev). “EC approval in Phase I of the European Union merger review process is a significant milestone for the deal in keeping with AB InBev’s ambition to secure the necessary... 

European Commissions approves AB InBev’s SABMiller buyout

Dürsot Food Corporation opens R100m tomato processing plant

By: Anine Kilian     23rd May 2016 Eastern Trading Company, trading as Dürsot Food Corporation, the controlling shareholder of AH-Vest, which produces All Joy products, on Monday launched a R100-million tomato processing plant in Modjadjiskloof, Tzaneen, to meet rising demand for tomato paste in South Africa. South Africa was... 

Dürsot Food Corporation opens R100m tomato processing plant

Rhodes outperforms in H1 on organic, acquisitive growth

By: Natasha Odendaal     23rd May 2016 JSE-listed food producer Rhodes Food Group has more than doubled its earnings for the six months ended March 27, pushed up by strong organic growth and the integration of the acquisitions made over the past 12 months. Speaking at the group’s interim results presentation in Sandton on Monday, CEO... 

Rhodes outperforms in H1 on organic, acquisitive growth

EU eases black-spot rules on South African citrus destined for juicing

By: Terence Creamer     19th May 2016 The European Union (EU) has announced plans to partially relax citrus black spot (CBS) regulations on fruit exported from South Africa from June 1. The European Commission decided earlier this month that South African citrus exports destined exclusively for industrial processing into juice would... 

EU eases black-spot rules on South African citrus destined for juicing

SABMiller says underlying growth good, currency headwinds hit FY earnings

By: Natasha Odendaal     18th May 2016 JSE-listed SABMiller on Wednesday increased its dividend by 8% to 122c for the year ended March 31, as the group delivered “good results” for the financial year, despite currency volatility hitting the bottom line. For the year under review, revenue decreased 10% to $19.8-billion, with group net... 

SABMiller says underlying growth good, currency headwinds hit FY earnings

DTI urged to consult widely on new rail, agroprocessing incentives

By: Terence Creamer     17th May 2016 Trade and Industry Minister Dr Rob Davies reaffirmed on Tuesday that government planned to pursue an increasing number of sector-specific incentive schemes, with an initial focus on the creation of new incentives for the agroprocessing and railways industries. Speaking at a business briefing... 

DTI urged to consult widely on new rail, agroprocessing incentives

Famous Brands buys controlling stake in Mexican restaurant business

16th May 2016 JSE-listed Famous Brands has acquired a 51% stake in recently launched Salsa Mexican Grill, a fast-casual dining concept centred on traditional Mexican food and beverages. The brand is currently represented by its maiden restaurant, in Fourways, Gauteng, with two further franchised outlets... 

Famous Brands buys controlling stake in Mexican restaurant business
Salsa Mexican Grill partners Thanasi and George Nicolopoulos

Hot weather, water shortages shrink 2016 wine grape crop by 6.7% y/y

10th May 2016 Although abnormal heat and water shortages have impacted on the wine grape crop for this year, viticultural consultants VinPro still expect good wines from the 2016 harvest. VinPro, which represents some 3 500 South African wine producers and cellars, on Tuesday revealed that the wine grape crop... 

Hot weather, water shortages shrink 2016 wine grape crop by 6.7% y/y

Illovo to report lower FY earnings

9th May 2016 JSE-listed Illovo Sugar expects to report a 29.8% decrease in earnings per share (EPS) to 125.9c for the year ended March 31, compared with the EPS of 179.4c recorded in the 2015 financial year. Headline earnings a share for the year under review were expected to be 36.5% lower-year-on-year at... 

Illovo to report lower FY earnings

Ebrahim Patel welcomes Coca-Cola merger deal

By: African News Agency      6th May 2016 Economic Development Minister, Ebrahim Patel, on Thursday welcomed commitments between the Coca-Cola Beverages Africa (CCBA) merger parties – SABMiller Plc, the Coca-Cola Company and Gutsche Family Investments – as well as the South African government. According to the Department of Economic... 

Ebrahim Patel welcomes Coca-Cola merger deal
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

Company to showcase equipment, processing technologies at Nampo

By: Nadine James     6th May 2016 Extrusion technology manufacturer CFAM Technologies will return to Nampo this year to exhibit its cost-saving food- and feed-processing technologies. CFAM director and North West University (NWU) Faculty of Engineering dean Professor LJ Grobler says the company will showcase its range of twin... 

Company to showcase equipment, processing technologies at Nampo
THE FUTURE OF FEED CFAM Technologies believes that their twin-screw extruders produce higher quality feed

Bidvest upbeat on FY prospects for foodservice operations

By: Anine Kilian     5th May 2016 JSE-listed Bidvest is expecting good results from its foodservice business for the financial year to June 30. In a management update on Thursday, the company said trading remained positive and activity levels across all markets were buoyant and that its foodservice operations had achieved a... 

Bidvest upbeat on FY prospects for foodservice operations

New chicken row brewing in South Africa 

By: News24Wire      4th May 2016 Following the concessions on US imports to South Africa in January this year, another chicken storm is brewing as local poultry producers face harsh punishment if they fail to comply with new brine limits. The poultry industry has six months to adjust to new maximum levels of brine, a fluid,... 

New chicken row brewing in South Africa

Tiger Brands expects higher H1 earnings

3rd May 2016 Branded food, home and personal care products manufacturer Tiger Brands expects to report earnings per share (EPS) of between R10.23 and R10.65 for the six months ended March 31, a 23% to 28% improvement on the EPS of 832c reported for the six months to March 2015. Headline earnings per share... 

Rhodes Food sees up to 95% increase in earnings

By: African News Agency      3rd May 2016 Rhodes Food Group said on Tuesday that it expects an increase of 85% to 90% in headline earnings a share for the six months to the end of March. The producer of convenience foods in fresh, frozen and long-life formats expects earnings of between 49.4c and 50.7c, up from 26.7c in the previous... 

Rhodes Food sees up to 95% increase in earnings

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

By: Tracy Hancock     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,... 

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

New Transnet chief prioritising diversification as commodity ‘meltdown’ bites 

By: Terence Creamer     28th April 2016 State-owned freight logistics group Transnet is taking aim at new sectors, such as fast-moving consumer goods (FMCG) and manufacturing, as it seeks to sustain volumes amid the prevailing commodity “meltdown”. Speaking publically for the first since his appointment as permanent Transnet CEO,... 

New Transnet chief prioritising diversification as commodity ‘meltdown’ bites
Photo by Duane Daws
Transnet CEO Siyabonga Gama

Famous Brands buys 51% stake in KZN restaurant business

By: Creamer Media Reporter      25th April 2016 JSE-listed branded food services franchisor Famous Brands has bought a 51% interest in Italian restaurant business Lupa Osteria, which has three franchised restaurants in KwaZulu-Natal, for an undisclosed amount. “Over the past year, our stated strategy has been to explore and capitalise on... 

Famous Brands buys 51% stake in KZN restaurant business
Guy Gluver and Chris Black

Nestlé South Africa invests R1.2bn in KZN coffee plant

19th April 2016 Nestlé South Africa has inaugurated its instant coffee manufacturing plant in Estcourt, in KwaZulu-Natal, after a R1.2-billion investment into the expansion of the factory. The investment formed part of the company's R2.9-billion foreign direct investment in the last five years. 

Nestlé South Africa invests R1.2bn in KZN coffee plant

Bidvest unbundles food services unit; BidCorp eyes May listing

By: Natasha Odendaal     14th April 2016 As international services, trading and distribution firm Bidvest worked to spin off its food services unit, the new Bid Corporation (BidCorp) planned to make its JSE debut on May 30. In a transaction valued at R2.8-billion, Bidvest planned to dispose of all of the shares in Bidvest Food Africa,... 

Bidvest unbundles food services unit; BidCorp eyes May listing
Photo by Duane Daws
BidCorp executive chairperson Brian Joffe

Illovo gets firm buyout offer from ABF

By: Natasha Odendaal     8th April 2016 Diversified international food, ingredients and retail group Associated British Foods (ABF) has made a firm offer to acquire all the shares in JSE-listed sugar producer Illovo Sugar it did not already own through its subsidiary ABF Overseas. A transaction implementation agreement inked on... 

Illovo gets firm buyout offer from ABF

Alternative energy systems boosting African industrial supply chains

By: Schalk Burger     8th April 2016 Alternative energy and storage systems are being used to make various portions of African industrial supply chains more effective and resilient, as well as control energy costs and production disruptions, says electrical equipment specialist firm Eaton alternative energy specialist Winfried... 

Black industrialists funding forum sifting through first 50 applications 

By: Terence Creamer     31st March 2016 South Africa’s black industrialists funding forum had its inaugural meeting in mid-March to consider 50 applications from aspirant black-owned manufacturing enterprises, Trade and Industry Minister Dr Rob Davies revealed this week. Speaking following a meeting with the Black Business Council... 

Black industrialists funding forum sifting through first 50 applications

Expected decline in sugar cane crop

By: Simon Sonnekus     25th March 2016 The drought in the eastern part of South Africa will lead to a projected decline in sugar production of 500 000 t, says South African Sugar Association (Sasa) executive director Trix Trikam. “The strategic crop, which is grown in Mpumalanga and KwaZulu-Natal, yields an average of 2.3-million tons... 

Expected decline in sugar cane crop
RAIN NEEDED Since November 2014 to date, producers have noted an average decrease of about 60% of the required rainfall

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