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Food & Beverage News

AECI’s Lake Foods, Christian Hansen launch dairy application centre

By: Simone Liedtke 12th March 2019 Food and beverage company Lake Foods, a division of South African chemicals group AECI, on Tuesday launched its new dairy application centre in Cape Town. The centre will assist customers with new product innovation and development, as well as product improvements. →

Government continues with efforts to support the local poultry industry

By: Tasneem Bulbulia 6th March 2019 The South African government is continuing with a number of interventions to support the domestic poultry industry, the Department of Trade and Industry (DTI) said on Wednesday. Interventions include measures to boost competitiveness, value-addition and technology upgrades; trade measures; export... →

Winemakers open new African frontier with Drakensberg vines

By: Bloomberg 6th March 2019 South Africa’s wine industry is centered around Cape Town. But pioneers far to the northeast are forging a new frontier in unlikely surroundings as changing weather patterns test long-held conventions. Cathedral Peak wine estate’s vines grow in the foothills of the Central Drakensberg, or “Dragon... →

Clover achieves higher H1 earnings despite sugar tax, fuel increases

By: Marleny Arnoldi 5th March 2019 Amid increasing sugar taxes and fuel prices, JSE-listed consumer goods group Clover managed to increase its headline earnings by 5% to R236-million, or 123.5c a share, for the six months ended December 31, 2018, compared with the R224-million, or 117.6c a share, reported for the six months ended... →

Photo by Creamer Media
Clover CEO Johann Vorster

Tongaat's South African Sugar business head, Mozambique head to retire

By: Tasneem Bulbulia 4th March 2019 Tongaat Hulett on Monday announced that two of its senior executives, South African Sugar business head Martin Mohale and Mozambique head Rosario Cumbi, have elected to take early retirement. Further, Sydney Mtsambiwa has stepped down as Tongaat Hulett Zimbabwe MD and will now be supporting the... →

Sugar, chicken imports contribute to 26% y/y decrease in RCL’s H1 earnings

By: Marleny Arnoldi 4th March 2019 Food producer RCL Foods’ headline earnings decreased by 26.3% to R475-million for the six months ended December 31, 2018, compared with the R644-million reported for the six months ended December 31, 2017. This translated to headline earnings a share of 54.8c apiece, compared with 74.5c apiece... →

Distell eyes expansion in China, Latin America

By: Reuters 1st March 2019 Growth-hungry South African drinks maker Distell is looking at both China and Latin America for further expansion, although the African continent - which bolstered its results for the first half of the year - remains its main focus. The company, which makes wines, spirits and ciders, is in the... →

Company to offer new digital printing technology

1st March 2019 By 2020, multinational food packaging and processing company Tetra Pak working in collaboration with printing press manufacturer Koenig & Bauer, will become the first company in the food and beverage carton industry to offer full-colour digital printing on its carton packages. The digital... →

CHARLES BRAND Commitment to our clients has fueled the collaboration which we hope will benefit all

Free-to-attend seminars headlining at packaging event

By: Halima Frost 1st March 2019 The triennial packaging, food processing, plastics, printing and labelling exhibition Propak Africa will host free-to-attend seminars, presented by more than 20 reputed speakers in industry, for the first time since the inception of the event. The seminars, which will span the four-day show – to... →

SHOW AND TELL Exhibitors will have the opportunity to display new products and technologies at this year’s expo

Packaging company drives waste-free economy

By: Halima Frost 1st March 2019 The idea of a circular economy is now starting to pique interest in the packaging industry, although the mechanism of biodegradability has been operational for hundreds of millions of years, says GREEN HOME Food Packaging MD and owner Catherine Morris. The concept highlights the way in which the... →

CATHERINE MORRIS A waste-free world is a possibility for the future

Plastics body calls for support in plastics challenges

1st March 2019 Industry body Plastics|SA invites all role players in the plastics value chain interested in cooperatively finding workable solutions to end plastic pollution in the oceans and environment to join the South African Alliance to End Plastic Pollution. Plastics|SA says that it is essential for the... →

CLEAN-UP GREEN-UP The collection and recycling of plastic waste is imperative to the country’s future says Plastics SA

New technologies set to transform global food chain in next five years – IBM

By: Schalk Burger 1st March 2019 Information technology multinational IBM predicts that technologies, including artificial intelligence (AI), Internet of Things (IoT), blockchain and cloud, will help to transform the global food chain over the next five years, IBM Cloud and Cognitive Software senior VP Arvind Krishna says.... →

ARVIND KRISHNA IBM unveiled five solutions in February to improve the food chain and food security

Massmart confident it will recover from ‘disappointing’ 2018 performance

By: Marleny Arnoldi 28th February 2019 JSE-listed consumer goods distributor Massmart Holdings on Thursday reported a 2.9% year-on-year increase in sales to R90.9-billion for the year ended December 31, 2018. Its South African stores generate 91.3% of group sales. →

Photo by Creamer Media's Dylan Slater
Massmart CEO Guy Hayward

Liquor industry sign good business practice guidelines for South African companies

By: African News Agency 28th February 2019 The liquor industry on Thursday signed guidelines for good business practices for South African companies operating on the African continent. The trade and industry department said that the guidelines, signed in Cape Town, aim to encourage companies to align their involvement and practices with... →

Unilever, L'Oreal, Danone deemed most ready for climate change

By: Bloomberg 25th February 2019 Among the world’s biggest consumer companies, Europe’s Unilever, L’Oreal SA and Danone are best prepared for the effects of climate change relative to their peers, according to a report from the nonprofit CDP. Formerly known as the Carbon Disclosure Project, CDP took a double-barreled approach in... →

South African Canegrowers Association to brief Parliament committee on sugar industry crisis

By: African News Agency 25th February 2019 The South African Canegrowers Association said on Monday it would brief Parliament's trade and industry portfolio committee on the crisis facing the sugar industry due to drought, falling prices and the impact of cheap imports, among others. The association had sent a letter to the committee's... →

Tongaat shares drop after profit warning

By: Reuters 22nd February 2019 Tongaat Hulett on Friday warned of a headline earnings loss for the year to March 31, sending shares in the sugar producer down 12.3% at 1308 GMT. It reported a profit of R617-million the previous year. →

Intervention needed as chicken imports reach record high – poultry association

By: African News Agency 21st February 2019 Chicken imports reached a new record high in 2018 which placed further pressure on the local market, according to the South African Poultry Association (SAPA). An imports' report drawn up by SAPA based on official SA Revenue Service statistics showed that imports in 2018 totalled 538 434 tons, an... →

Sugar tax will shrink the industry, says South African sugar association

By: African News Agency 21st February 2019 The South African Sugar Association (SASA) said on Thursday it was disappointed by the announcement that there will be an increase in the Health Promotion Levy (HPL), commonly known as "sugar tax". During his budget speech on Thursday, Finance Minister Tito Mboweni said government has... →

Tiger Brands posts revenue rise on price inflation, volume growth

By: Reuters 20th February 2019 Tiger Brands on Wednesday reported a one% rise in group revenue from continuing operations for the four months to January 31 on Wednesday helped by overall price inflation and volume growth. South Africa's leading food producer had reported a 5% fall in revenue in the corresponding period last year. →

Bidcorp H1 profit rises on upbeat European market

By: Reuters 20th February 2019 Food producer Bid Corporation Ltd (Bidcorp) reported on Wednesday a 9.2% increase in half-year earnings, supported by positive trading performance in its developed markets. Bidcorp, which operates in Europe, United Kingdom, Australasia and emerging markets, posted headline earnings per share... →

Nampak marks 50 years on JSE amid moves to streamline and reduce environmental footprint

By: Terence Creamer 19th February 2019 Packaging group Nampak, which celebrated 50 years on the JSE on February 19, is a markedly different business from the one that has its roots in a cardboard box-making factory established by John Herzberg in Waterkant Street, Cape Town, in 1918. Rising levels of automation across a portfolio of... →

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... →

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 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... →

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.... →

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... →

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