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Food & Beverage News

Rhodes’ regional growth continues despite consumer slowdown

By: Nadine James     27th March 2019 Despite the continued challenging trading environment, Rhodes Food Group managed to increase turnover in its regional segment (Africa) by 8.2% for the five months ended February 28, the company announced in a trading statement on Wednesday. Long life revenue grew by 12.7%, with volume growth of... 

Taste Holdings appoints Dylan Pienaar CEO

By: Reuters     25th March 2019 Taste Holdings has appointed its chief operating officer, Dylan Pienaar, as chief executive officer effective on Monday as part of its restructuring. Acting chief executive officer, Tyrone Moodley, stepped down on Monday and has been reappointed as a non-executive member of the firm which... 

SAB to expand water-saving collaborations to more municipalities

By: Nadine James     22nd March 2019 South African Breweries (SAB) hopes to expand its water-saving collaboration efforts with municipalities to more water-stressed communities across South Africa, after achieving significant successes in Cape Town and Tshwane. Working with local municipalities in Cape Town and Tshwane, SAB has... 

Dangote's Nigeria tomato plant resumes after years of idling

By: Bloomberg     20th March 2019 A tomato-paste factory owned by Africa’s richest man, Aliko Dangote, resumed production in Nigeria’s northern state of Kano after staying idle for more than two years over a supply disruption partly caused by a price dispute with farmers. The factory, with a capacity for 1 200 metric tons of... 

Ascendis Health records strengthened interim gross margin

By: Tasneem Bulbulia     18th March 2019 Ascendis Health’s gross margin for the six months ended December 31, 2018, strengthened by 260 basis points to 44.9%, mainly owing to improved raw material pricing through strategic sourcing in Farmalider and Remedica, the discontinuation of low-margin products in the Wellness, Biosciences and... 

Nederburg, KWV remain among top 50 global most admired wine brands

By: Marleny Arnoldi     18th March 2019 Winery Nederburg has, for a fourth consecutive year, ranked in the top 50 list of the “World’s Most Admired Wine Brands” in UK-based publication Drinks International. Nederburg is one of only two South African wine brands that made the list, which selects out of more than 200 of the most... 

Nederburg, KWV remain among top 50 global most admired wine brands
Nederburg vinyard

China a potential market for South African avos as other markets mull import bans

By: Simone Liedtke     15th March 2019 The South African avocado market faces the threat of a possible ban in future, particularly in the UK, which is reportedly getting rid of avocados on ethical grounds, says economist Gilberto Biacuana. The UK is the second most important market for South Africa’s avocado exports, which means that... 

Coca-Cola facilitates health services delivery

15th March 2019 Global beverage company Coca-Cola’s project last mile (PLM) has made significant progress in transforming the delivery of lifesaving medicines and increasing the demand for health services across Africa. The innovative public partnership between the Coca-Cola Company, the Coca-Cola Foundation,... 

Coca-Cola facilitates health services delivery
AFRIFOOT PRINT Coca-Cola’s project last mile kick-started pilots in newer countries including Liberia, Sierre Leone, Swaziland and Nigeria

TymeBank goes live in Pick n Pay and Boxer stores

15th March 2019 Last month, South Africa’s first fully licensed digital bank TymeBank went live in 500 stores of supermarket chain store Pick n Pay and discount supermarket Boxer in preparation for its formal launch. This followed a successful soft launch in December when the bank went live in 20 Pick n Pay and... 

TymeBank goes live  in Pick n Pay and Boxer stores
CUSTOMER CARE A TymeBank customer will be able to earn Smart Shopper points anywhere when they use their TymeBank card to make a purchase.

South Africa sugar tax to cut industry revenues, prompt reform – USDA

By: Reuters     14th March 2019 South Africa's sugar tax could slash industry revenues and prompt restructuring of the country's sugar sector, the US Department of Agriculture (USDA) said in a report published on Wednesday. The tax, introduced last April, has slashed the beverage sector's use of sugar by 30%, the USDA attache... 

Libstar declares maiden dividend on back of strong perishable foods performance

By: Marleny Arnoldi     13th March 2019 JSE-listed consumer packaged goods producer and supplier Libstar has declared its maiden dividend of 22c a share, for the year ended December 31, following its listing on the JSE in May 2018. CEO Andries van Rensburg on Wednesday said the company had experienced the toughest market conditions... 

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. 

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

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... 

Clover achieves higher H1 earnings despite sugar tax, fuel increases
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... 

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

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... 

Company to offer new  digital printing technology
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... 

Free-to-attend seminars headlining at packaging event
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... 

Packaging company drives  waste-free economy
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... 

Plastics body calls  for support in  plastics challenges
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.... 

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

Massmart confident it will recover from ‘disappointing’ 2018 performance
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... 

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

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... 

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