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Food & Beverage News

Tongaat starts seeing green shoots as business restructuring progresses

By: Marleny Arnoldi 10th December 2019 Sugar producer Tongaat Hulett managed to contain headline losses at R923-million for the financial year ended March 31. This is slightly lower than the headline loss of R947-million reported for the year ended March 31, 2018. →

Industry 4.0 advancing in local sugar milling

By: Tracy Hancock 6th December 2019 All South Africa’s sugar mills are now using the near-infrared spectroscopy (NIRS) analytical technology developed by centralised scientific organisation Sugar Milling Research Institute NPC (SMRI), says SMRI research and development manager Steve Davis. The SMRI-NIRS technology – which SMRI... →

SUGAR 4.0 The potential value derived from Sugar Milling Research Institute NPC’s near-infrared spectroscopy analytical technology is only just beginning to be explored

Sugar giant transforming business amid turmoil

By: Tracy Hancock 6th December 2019 In addition to its plans to exit sugar farming in South Africa, embattled agroprocessing business Tongaat Hulett expects to conclude a transaction to establish a transformative milling, refining and sugar marketing business by the end of this year. The developments are part of a strategic review... →

FELIXTON MILL The initial assets of Tongaat Hulett’s transformative milling, refining and sugar marketing business have an installed capacity to produce more than one-million tons of sugar a year

Court rules Eskom may not cut off supply to Randwest municipality

By: Marleny Arnoldi 4th December 2019 Leading poultry producer Astral on Wednesday secured an order against power utility Eskom in the Johannesburg High Court. Acting judge Gerrie Nel ordered that Eskom be interdicted and restrained from interrupting the bulk supply of electricity to the Randwest local municipality, pending the... →

Taste Holdings loses second CEO this year as focus shifts to luxury

By: Reuters 4th December 2019 South African retail and quick service restaurants company Taste Holdings said on Tuesday its group chief executive Dylan Pienaar would step down with immediate effect, sending its shares lower. The current head of Taste’s luxury food division, Duncan Crosson, has been appointed as the new group... →

Food and bev packaging industry can contribute to circular economy

By: Schalk Burger 29th November 2019 Food and beverage packaging and processing businesses can design waste out of their businesses and supply chains, improve reuse and recycling, and regenerate natural systems, says food processing and packaging company Tetra Pak Eastern and Southern Africa communications manager Stella Ondimu. The... →

Citrus industry rakes in R20bn in exports, despite challenging events

By: Simone Liedtke 25th November 2019 South Africa, which has packed 126-million cartons of citrus fruit for export globally, remains the second-largest global exporter of citrus fruit and, despite events such as drought and container terminal delays, the industry continues to rake export revenue of R20-billion a year into the... →

Internal, external factors weigh on Tiger Brands’ full-year results

By: Tasneem Bulbulia 22nd November 2019 JSE-listed Tiger Brands' results for the year ended September 30 were impacted on by the unbundling of its interest in Oceana, the challenging operating environment and a slower-than-anticipated recovery in the Value Added Meat Products (VAMP) business. Despite the challenging backdrop, total... →

Tongaat Hulett progresses financial aid talks; to sell Namibia business

By: Marleny Arnoldi 19th November 2019 Embattled sugar producer Tongaat Hulett has finalised a detailed term sheet with new lenders, whereby they have agreed, in principle, to make new senior term loan facilities, revolving credit facilities and overdraft facilities available to the company. The new loan facilities will be used to... →

Taste Holdings finds buyer for Maxi's, Fish & Chips Co

By: Creamer Media Reporter 19th November 2019 JSE-listed Taste Holdings has entered into an agreement to sell its Maxi's and The Fish & Chips Co businesses to an undisclosed buyer. This is in line with its strategy to sells its food businesses and focus on its luxury goods businesses, which include NWJ, Arthur Kaplan and World's Finest Watches. →

Pioneer Foods delivers ‘acceptable growth’ amid difficult trading environment

By: Simone Liedtke 18th November 2019 Food company Pioneer Foods delivered “acceptable revenue and volume growth” for the financial year ended September 30, despite a difficult trading environment characterised by weak demand. The company, which recorded a 6% year-on-year decrease adjusted headline earnings a share to 522c for the... →

Bidcorp continues positive performance in first months of financial year

By: Simone Liedtke 18th November 2019 International food, service and technology group Bidcorp CEO Bernard Benson on Monday said trading conditions in the four months to October 31 had continued to be positive and was broadly in line with the performances achieved in the 2019 financial year. During a webcast presentation on Monday,... →

Water supply interruptions, higher costs dent Astral’s earnings

By: Tasneem Bulbulia 18th November 2019 JSE-listed poultry producer Astral Foods’ earnings for the financial year ended September 30 were considerably lower than the record profit of R1.43-billion achieved in the 2018 financial year, CEO Chris Schutte pointed out on Monday. He noted in a presentation of the company’s results that... →

Authentic storytelling will attract new tourists

15th November 2019 A powerful message emerged during a presentation on trends by more than 15 high-level expert speakers at the recent Wine & Food Tourism Conference. Held at Spier near Stellenbosch on September 18, consultant Flux Trends analyst Dion Chang led a discussion about the trends that are shaping tourism... →

Companies should understand laws around product offering

By: Khutso Maphatsoe 15th November 2019 New companies in the brewery and winery industry need to understand the importance of the laws and regulations, such as copyright and trade marks, associated with the products and services that breweries may want to offer, says Spoor & Fisher partner Eben van Wyk. He advises that a trade mark... →

Competition growing in the winery and brewery industry

By: Khutso Maphatsoe 15th November 2019 Over the past few years, the number of micro, craft and artisanal companies entering the winery and brewery industries has increased, making these industries more competitive and leading to more producers adopting multi-product lines in the manufacturing process. “This has placed pressure on... →

Russia has growing appetite for South African wines

15th November 2019 South Africa should take advantage of the growing appetite for South African wines in Russia and strengthen their marketing efforts to create more awareness and increase market penetration, says wine company La Ric Mal Wines marketing manager Malcom Green. The Stellenbosch-based winemaker is one... →

Wine academy celebrates 40 years in the industry

By: Khutso Maphatsoe 15th November 2019 The Cape Wine Academy (CWA) is celebrating 40 years in the industry this year and notes that this is as a result of various individuals who have contributed positively to the academy’s strong focus on educating the industry. Making reference to the evolution of the industry over the years, CWA... →

More opportunities brewing for women

By: Khutso Maphatsoe 15th November 2019 Opportunities for women in the brewery industry are increasing, despite there being a relative shortage of qualified women in the industry, says first black female majority-owned brewing company Brewsters Craft founder Apiwe Nxusani-Mawela. To combat this challenge, Brewsters Craft offers various... →

Bottling company helps brewery work towards a sustainable future

15th November 2019 Reliability, environment-friendliness and viability for the future are values held by filling and packaging systems supplier KHS that Portugal-based brewery Sociedade Central de Cervejas E Bebidas S.A. (SCC) greatly appreciates – and has done for decades. The commissioning of the new glass line... →

Tiger Brands to sell value-added meats business

By: Marleny Arnoldi 8th November 2019 JSE-listed Tiger Brands has started a formal due diligence process towards selling its value-added meat products (VAMP) business. The company started an evaluation of the role of the VAMP business within the group’s portfolio in 2017, given the business’ unique value chain and the perishable... →

Blockchain entering third phase of its evolution

By: Schalk Burger 8th November 2019 New blockchain solutions, including the IBM Blockchain platforms on which users can build their own blockchain applications (apps), are allowing for quick development and ease of use to provide traceability and consensus systems for a range of industries, says information technology... →

GERHARD DINHOF New solutions are stimulating innovation by allowing organisations to craft their own blockchain-based systems

Poultry master plan broadly accepted by industry

By: Simone Liedtke 7th November 2019 President Cyril Ramaphosa this week announced a new master plan for the poultry industry, which aims to put the industry back on a growth path. The plan, which has been broadly accepted by the poultry industry, was compiled by the Department of Trade, Industry and Competition (DTIC) and brokered... →

Coca-Cola chooses plastic bottle collection over aluminium cans to cut carbon footprint

By: Reuters 7th November 2019 Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminium cans as the world's largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters. Along with multinational rivals including PepsiCo and Nestle,... →

Next-generation protein could come from air, methane, volcanic springs

By: Reuters 6th November 2019 It may sound like science fiction, but in a few short years the family dinner table may be laden with steak from a printer and other proteins produced from air, methane or volcanic microbes. With the explosive success of vegan beef and burger substitutes developed by Beyond Meat and Impossible... →

Rhodes expects up to 40% increase in full-year headline earnings

By: Creamer Media Reporter 4th November 2019 JSE-listed Rhodes Food Group expects its headline earnings for the financial year ended September 29 to be between 35% and 40% higher than the R159.1-million reported for the 2018 financial year. The company on Monday said good revenue growth, together with the expansion of gross profit and... →

Taste Holdings exits food business, sells Starbucks business for R7m

By: Simone Liedtke 1st November 2019 JSE-listed Taste Holdings will be exiting the food business, with all of its Taste food brands –Starbucks, Domino’s Pizza, Maxi’s and The Fish & Chips Co – to be sold. This will allow the company to become a focused luxury retail group, comprising the NWJ, Arthur Kaplan and World’s Finest... →

Famous Brands posts solid interim results

By: Tasneem Bulbulia 28th October 2019 Food services franchisor Famous Brands delivered solid results in a challenging environment, CEO Darren Hele indicated in a statement announcing the group’s interim results for the six months ended August 31, on Monday. He highlighted, in particular, the good performance of the Brands division;... →

FOOD & BEVERAGE

Astral Foods to report lower full-year earnings

By: Tasneem Bulbulia 28th October 2019 JSE-listed Astral Foods expects its earnings per share (EPS) and headline earnings per share (HEPS) for the year ended September 30 to decrease by between 50% and 60% year-on-year EPS are expected to be between R14.77 and R18.46, compared with the EPS of R36.91 reported for the 2018 financial year. →

Ethiopia probes possible theft of funds for sugar expansion

By: Bloomberg 23rd October 2019 Ethiopia is investigating possible misappropriation of funds meant for the expansion of ten State-owned sugar factories that are part of the industry now slated for privatization. The planned sale of factories now run by Ethiopian Sugar Corp. is part of a drive by Prime Minister Abiy Ahmed’s... →

Bidding war breaks out for food delivery service Just Eat

By: Bloomberg 22nd October 2019 Just Eat has gotten a bid from investment firm Prosus, challenging its £5-billion ($6.5 billion) deal with Takeaway.com. Prosus has offered 710p a share in cash for the UK food delivery company, valuing Just Eat at about £4.9-billion, the company said in a statement on Tuesday. →

Pioneer Foods, partner launch first combismile carton pack in MEA region

By: Tasneem Bulbulia 21st October 2019 Systems and solutions provider for aseptic packaging and filling machines for food and beverages, SIG Combibloc Obeikan (SIG CBOB), and South African producer and distributor of branded food and beverage products, Pioneer Foods, on Monday announced the launch of the first combismile carton pack... →

Combismile

Role of equipment suppliers in food safety under spotlight

By: Schalk Burger 18th October 2019 Component and equipment multinational BMG hosted clients at its inaugural industry-specific engagement days with a showcase of its food and beverage industry solutions and components at its factory in Jeppestown, Johannesburg in September. The showcase provided advice from industry experts about... →

BMG Group product and sales manager Mark Barbour details the company’s approach to quality and safety in the food and beverage industry in Africa. Camera work: Kultwano Matlala. Editing: Nicholas Boyd.

BMG industry days highlight portions of its components range to clients

17th October 2019 Equipment and components manufacturer BMG hosted its food and beverage industry day last month, which was the first of its showcase days that it intends to use to deepen its relations with clients and to highlight the products and solutions suitable for each industry. Schalk Burger has the story. →

BMG industry days highlight portions of its components range to clients.

Long4Life records reasonable interim performance in tough environment

By: Tasneem Bulbulia 14th October 2019 JSE-listed Long4Life delivered a reasonable performance for the six months ended August 31, given the difficult trading environment. Revenue increased by 20% year-on-year to R1.84-billion, while gross profit increased to R718.9-million, compared with the R627.5-million gross profit reported for... →

Listeriosis class action case could be delayed 'for years'

By: News24Wire 9th October 2019 The class action brought against Tiger Brands following a listeriosis outbreak caused by some of its products could take years before it finally gets to court. In April, Tiger Brands received the summons for a class action linked to the listeriosis outbreak from the Gauteng High Court in... →

Tribunal approves Milco, Clover merger with conditions

By: Creamer Media Reporter 25th September 2019 The Competition Tribunal on Wednesday approved the merger between Milco South Africa (SA) and Clover Industries, subject to a range of employment, local procurement of bulk juice concentrate, and information sharing conditions. Clover in February announced that it had received a buyout offer of... →

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