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Food & Beverage News

SABMiller, AB InBev merger to cross final hurdles, conclude by Oct 

By: Natasha Odendaal     2nd August 2016 JSE-listed SABMiller and multilisted Anheuser-Busch InBev (AB InBev) continue to steadily tick off preconditions and jurisdictional approvals in a landmark deal that will see the two companies merge to form a global beer conglomerate by October. In a joint statement on Tuesday, the duo announced... 

Pioneer to shell out £7.5m for Streamfoods

By: Tracy Hancock     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’... 

AB InBev gets China blessings for SABMiller takeover

By: African News Agency      29th July 2016 Anheuser-Busch InBev’s (AB InBev) bid to take over SABMiller Plc and create a monolith brewer moved one step closer on Friday when China’s Ministry of Commerce gave the proposed merger a clearance. AB InBev has since welcomed the conditional approval of China’s Ministry of Commerce of the... 

Southern Africa in urgent need of food production assistance

By: African News Agency      29th July 2016 Some 23-million people in southern Africa are in need of urgent support to be able to produce enough food to feed themselves and avoid being dependent on humanitarian assistance until mid-2018, the United Nations agricultural agency has warned. According to the Food and Agricultural Organisation... 

SAB takeover getting more expensive by the day

By: News24Wire      21st July 2016 The takeover of SABMiller by Anheuser-Busch (AB) InBev is looking increasingly expensive, a merger and acquisition expert said on Thursday. Warwick Business School Professor John Colley’s pessimism comes as “various competition authorities exact a heavy price to approve the deal”, he said on... 

Tiger Brands appoints new CFO

20th July 2016 JSE-listed Tiger Brands has appointed Noel Doyle CFO with effect from August 1. He has served as COO of the company since July 2015 and also served as the company’s acting CEO from January 1 to May 9, this year. 

DTI sets up Africa-focused trade unit in bid to grow exports beyond R300bn

By: Terence Creamer     15th July 2016 The South African government believes the launch of a new one-stop-shop to facilitate higher levels of trade and investment in the rest of Africa will help consolidate the continent as the country’s most important market for value-added goods and create the platform for an expansion in exports... 

DTI sets up Africa-focused trade unit in bid to grow exports beyond R300bn

Zim approves SABMiller, AB InBev merger with conditions

By: News24Wire      5th July 2016 Zimbabwe has given the green-light to SABMiller’s merger deal with AB InBev, but has set conditions such as maintaining farmers’ contracts and maintenance of production of local brands. SABMiller controls Zimbabwean listed biggest brewer and manufacturer of soft drinks, Delta Corporation. 

Africa’s largest Coca-Cola bottler begins operations

By: African News Agency      4th July 2016 Africa’s largest bottler, Coca-Cola Beverages Africa (CCBA), on Monday opened its doors for the first day of operations. CCBA was formed in 2014 through the combination of African non-alcoholic ready-to-drink bottling interests of SABMiller, the Coca-Cola Company, and Gutsche Family Investments –... 

Africa’s largest Coca-Cola bottler begins operations

Plant-based packaging gains popularity

By: Sascha Solomons     1st July 2016 Food processing and packaging solutions provider Tetra Pak produced the world’s first package made entirely from plant materials, the Tetra Rex Bio-based, using a combination of Forest Stewardship Council-certified paperboard and certified bio-plastics materials. The company is expected to... 

Horizontal flow wrapper available for Southern African countries

1st July 2016 Processing and packaging equipment supplier Bosch Packaging Technology is focusing on entry-level and mid-range automation solutions for its customers in the Southern African countries, which will enable producers with small to medium production volumes to tap into automation or increase their... 

BevSA welcomes KPMG sugar report 

By: Anine Kilian     23rd June 2016 The Beverage Association of South Africa (BevSA) has welcomed a report by accounting and auditing firm KPMG calling for a socioeconomic impact assessment (SEIAS) of the sugar tax proposed by National Treasury.   In the report, titled ‘Taxing your sweet tooth – Effective nudge or economic... 

Spat over saltwater levels in SA chicken 

By: News24Wire      22nd June 2016 The Association of Meat Importers and Exporters of SA (Amie) said on Tuesday it does not agree with the SA Poultry Association (Sapa) that new regulations limiting the practice of injecting chicken with saltwater (brining) would render chicken unaffordable to the poor and hurt the local industry.... 

Spat over saltwater levels in SA chicken

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... 

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

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

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