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Food & Beverage News

Pioneer’s shares rise on $1.7bn PepsiCo deal 

By: Simone Liedtke     19th July 2019 JSE-listed Pioneer Foods’ share price rose by nearly 29% on Friday morning after the company announced the conclusion of an agreement with New York-headquartered PepsiCo, which plans to acquire all of the outstanding shares in Pioneer at R110 a share. The acquisition represents a 56% premium to... 

Electromagnetic prototype feeder cutting costs for clients

By: Halima Frost     19th July 2019 Last month, engineering consultants Vipro Vibrating Products announced the arrival of its first locally incepted light industry electromagnetic feeder prototype. The prototype feeder was incepted by Vipro in May through a collaborative effort by design and technical teams, and is currently in the... 

GOOD VIBRATIONS The electromagnetic feeder requires only one drive and is quieter than other drives on the market
GOOD VIBRATIONS The electromagnetic feeder requires only one drive and is quieter than other drives on the market

Company mitigates challenges at Mozambique project

19th July 2019 An ambitious project timeline for the construction of beverage company Cervejas de Moçambique’s (CDM’s) new brewery, compounded by a late start to the project owing to external constraints, saw geotechnical specialist Franki Africa make an effort to ensure partial handovers of the foundations and... 

Tongaat CEO seeking to freeze payments on R11bn of debt 

By: Bloomberg     16th July 2019 Tongaat Hulett is asking ten lenders for a break from payments on as much as R11-billion of debt so it can recover from the impact of having to restate accounts, according to CEO Gavin Hudson. The embattled South African sugar maker is spending about R1-billion a year servicing the borrowings and... 

Nestle finds new way to make chocolate without adding sugar

By: Bloomberg     16th July 2019 Nestle has found a way to create chocolate without adding any sugar, relying on leftover material from cocoa plants for sweetening as consumers look for natural and healthier fare. The food company is using a patented technique to turn the white pulp that covers cocoa beans into a powder that... 

FairPlay argues association’s reasons for supporting chicken import tariffs

By: Marleny Arnoldi     15th July 2019 Nonprofit trade movement FairPlay founder Francis Baird has reiterated the importance of curbing chicken imports into South Africa, stating that a reasonable imposed tariff will level the playing field in the domestic chicken market. This was in response to Emerging Black Importers and... 

AB InBev seeks plan B after investors bail on Asian IPO

By: Bloomberg     15th July 2019 Anheuser-Busch InBev's shares fell after the demise of a blockbuster initial public offering of the brewer’s Asian business, leaving the company in a bind. After reversing course on Friday over plans to sell a stake in the unit to raise as much as $9.8 billion, the Budweiser owner needs to find a... 

Astral confirms ammonia leak at Olifantsfontein abattoir

By: Simone Liedtke     12th July 2019 Poultry producer Astral Foods has confirmed that an ammonia leak occurred at the refrigeration plant at the company’s Festive abattoir, in Olifantsfontein, in the early hours of Friday morning. The Festive abattoir and neighbouring businesses were evacuated as a precaution. 

Sassda in transition, creates new membership structure

By: Cameron Mackay     5th July 2019 Owing to the varied benefits which companies obtain as members of the Southern Africa Stainless Steel Development Association (Sassda), the association has created a tiered membership structure. 

GROWTH FROM EXPORTS
Growth in the mining, and food and beverage, sectors for stainless steel, led to consumption in South Africa increasing by 8.6% last year
GROWTH FROM EXPORTS Growth in the mining, and food and beverage, sectors for stainless steel, led to consumption in South Africa increasing by 8.6% last year

Former Tongaat official scrutinised in echo of Steinhoff scandal 

By: Bloomberg     27th June 2019 Tongaat Hulett said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended. A criminal case has been opened against the individual, Tongaat said, without... 

Astral Foods secures emergency water arrangement for Mpumalanga facility  

By: Simone Liedtke     24th June 2019 Poultry producer Astral Foods has recently, with the assistance of a number of national government departments, secured an emergency arrangement with the Lekwa municipality as an interim measure to stave off the water crisis affecting its Goldi poultry processing facility in Standerton,... 

Libstar increases its competitiveness with new par-baked goods offering

By: Simone Liedtke     24th June 2019 Food and beverage producer Libstar Group has further increased its competitiveness by expanding its facilities to meet client requirements by converting a section of the group’s Amaro Foods facility, in Epping, into a par-bake facility.   

Libstar increases its competitiveness with new par-baked goods offering

Vasari to invest $100m in African breweries

By: Marleny Arnoldi     21st June 2019 Alcoholic beverage investor Vasari Beverages has completed a $100-million capital raise to fund the expansion of its existing beverage operations in Ethiopia, as well as to pursue new acquisitions and greenfield development opportunities across Africa and Asia. Vasari, majority owned by CEO... 

AMIE calls on government to lead formulation of a national poultry strategy

By: Tasneem Bulbulia     14th June 2019 The right of South Africans to access a prime source of dietary protein must outweigh the factional interests of sectors of the poultry producing industry, the Association of Meat Importers and Exporters (AMIE) said on Friday, when it called on government to arbitrate in the brewing tariff battle... 

Nestlé launches R&D innovation challenge in South Africa

By: Tasneem Bulbulia     13th June 2019 Nestlé on Thursday launched a research and development (R&D) innovation challenge in South Africa as part of the company’s efforts to contribute to the local innovation ecosystem. Nestlé’s goal is to work collaboratively with startups and universities to identify sustainable and scalable science... 

Tongaat’s shares suspended amid ongoing review

By: Tasneem Bulbulia     10th June 2019 Trading in Tongaat Hulett’s shares on the JSE and LSE has been suspended at the request of the company. This is as a result of the previously announced delay in the publishing of the company’s financial statements and the continuing review into past financial practices and follows further... 

Dickon Hall Foods underpins Libstar’s strategy to mitigate tough customer landscape 

6th June 2019 Food and Beverage company Libstar Group’s Dickon Hall Foods facility will allow the company to not just increase its customer relationship advantage but also allow it to develop additional channels. Simone Liedtke tells us more. 

Dickon Hall Foods underpins Libstar’s strategy to mitigate tough customer landscape
Dickon Hall Foods underpins Libstar’s strategy to mitigate tough customer landscape.

Winetech Pitching Den entry deadline extended to June 28

By: Creamer Media Reporter      5th June 2019 Winetech and the South African Innovation Summit have extended the deadline for the Winetech Pitching Den entries to June 28. This is to enable more entrepreneurs to compete and showcase their agritech innovations to the South African wine industry. 

Valves supplier to launch new products

By: Mamaili Mamaila     31st May 2019 South African thermoplastic valves supplier Astore Keymak is engaged in research and development activities with its suppliers to launch new FIP industrial valves for chemical applications every second year. “For aggressive chemical applications, such as sulphuric acids and hydrochloric acids,... 

HIGHLY COMMITTED 
Astore Keymak remains committed to technology and solutions for the chemical, petrochemicals and industrial space
HIGHLY COMMITTED Astore Keymak remains committed to technology and solutions for the chemical, petrochemicals and industrial space

Impairments drive down Famous Brands’ headline earnings

By: Simone Liedtke     29th May 2019 Branded food services franchisor Famous Brands on Wednesday reported a basic loss a share of 480c for the year ended February 28, while basic headline earnings per share (HEPS) decreased to 319c . This decrease in HEPS was attributable to an impairment of R873.9-million, relating to the Gourmet... 

Famous Brands CEO Darren Hele
Famous Brands CEO Darren Hele

Lekwa municipality water supply problems hit Astral Foods poultry processing plant

By: African News Agency      28th May 2019 Integrated poultry producer Astral Foods said on Tuesday the water supply constraints stemming from the deterioration of infrastructure in the Lekwa municipality which supplies its processing plant in Standerton were having significant cost implications for the company. In its recently reported... 

Pumps manufacturer plans further growth after acquisition

By: Halima Frost     24th May 2019 Following the acquisition of South Korea-based sanitary pump manufacturer JEC Pumps, pump specialist Verder Pumps intends on proliferating its global reach over the next five years, predominantly in the medical and pharmaceuticals industry. JEC Pumps has a sizeable market share in the European... 

STICKY STUFF The JEC brand of pumps is not only hygienic but also capable of pumping a variety of viscous liquids
STICKY STUFF The JEC brand of pumps is not only hygienic but also capable of pumping a variety of viscous liquids

AB InBev sees Africa investment rising after $200m outlay

By: Bloomberg     23rd May 2019 Anheuser-Busch (AB) InBev sees further African investment after spending about $200-million on the continent since the world’s largest brewer bought SABMiller in 2016, according to CEO Carlos Brito. AB InBev, based in Leuven, Belgium, has invested the bulk of that money in South Africa and... 

AB InBev sees Africa investment rising after $200m outlay

Coca-Cola reformulates drinks following tax

By: African News Agency      23rd May 2019 Coca-Cola South Africa has cut the sugar in its drinks by a quarter (26%) since government introduced a tax on sugary drinks, according to Camilla Osborne, Head of Communications for Coca-Cola Southern and East Africa. On 1 April 2018, Treasury imposed a Health Promotion Levy of 2.1 cents per... 

Tiger Brands delivers mixed interim results

By: Tasneem Bulbulia     22nd May 2019 JSE-listed Tiger Brands has delivered a mixed set of results for the six months ended March 31. During the period, the trading environment remained difficult, with continued pressure on 

Rhodes Food interim operating profit rises 6% to R173m

By: African News Agency      21st May 2019 Rhodes Food on Tuesday reported an improved performance for the six months to March, with operating profit up six% to R173-million while turnover increased by 9.3% to R2.7-billion. The Western Cape-based firm, which owns such brands as Rhodes, Bull Brand, Magpie, Squish, Bisto, Hinds and Pakco,... 

Pioneer achieves credible performance in a constrained local market

By: Tasneem Bulbulia     20th May 2019 JSE-listed Pioneer Foods recorded a credible topline performance for the six months ended March 31, in a considerably constrained local consumer market with consequent competitive pressures. Revenue grew by 11.5% year-on-year to R11.04-billion, while sales volumes were up 2.7% year-on-year. 

Coca-Cola ends plan to refranchise Africa bottling unit, keeps majority stake

By: Reuters     20th May 2019 Coca-Cola Co said on Monday it had dropped plans to refranchise its Africa bottling business, Coca-Cola Beverages Africa, and would instead keep its majority stake in the unit for the time being. The US beverage giant had wanted to refranchise the unit as part of its global plan to divest its... 

Inaugural event to highlight local manufacturing capabilities

By: Halima Frost     17th May 2019 The first Local Southern African Manufacturing Expo (LME), which aims to highlight the capabilities of local manufacturers and, subsequently the ability to export, will be held from May 21 to 23, 2019 at the Expo Centre Nasrec, in Johannesburg. The expo will be hosted by the South African Capital... 

CENTRE OF ATTENTION
The inaugural Local Southern African Manufacturing Expo is set to feature more than 130 exhibitors
CENTRE OF ATTENTION The inaugural Local Southern African Manufacturing Expo is set to feature more than 130 exhibitors

Coca-Cola outlines its work on replenishing water in Africa

By: Kim Cloete     15th May 2019 Multinational beverage company Coca-Cola has outlined its efforts to replenish the water it uses through partnerships and projects across communities in Africa. “The company has made significant strides in improving its water use over the past ten years and recently announced that three-million... 

Court action suspended, parties agree on more transparency in chicken industry

By: African News Agency      15th May 2019 The Association of Meat Importers and Exporters (AMIE) and the South African Poultry Association (SAPA) have agreed to lift the veil of secrecy on "confidential" documents on which the protectionist application on chicken imports is based. In a statement in Wednesday AMIE, which had launched the... 

Clover rises above tough trading environment

By: Tasneem Bulbulia     10th May 2019 JSE-listed Clover continues to increase its markets share in various categories on the back of marketing investments and additional trade support, boding well for its future performance, despite weaker trading conditions than in the previous year. In a statement on Friday, the company indicated... 

AB InBev first quarter revenue rises 5.9%

By: African News Agency      7th May 2019 The world's largest brewer AB InBev said on Tuesday its revenue grew by 5.9% in the first quarter of 2019, driven by healthy volume growth, among other factors. The company said it expected to deliver strong revenue and growth in earnings before interest, taxes, depreciation, and amortization... 

AB InBev plans Asian IPO as brewer seeks to reduce debt

By: Bloomberg     7th May 2019 Anheuser-Busch InBev is weighing an initial public offering of its Asian unit as the world’s largest brewer jockeys for position in a massive consumer market where rivals are piling in via local alliances. The brewer on Tuesday confirmed that it might sell a minority stake in its Asia-Pacific... 

Winemakers pleased with quality of 2019 vintage, despite record low harvest

By: Tasneem Bulbulia     7th May 2019 The 2019 South African wine grape harvest hit a record low, largely owing to the preceding drought and fluctuating weather conditions during the season; however, winemakers are positive about the quality of this year’s vintage, Vinpro said in a statement on Monday. Vinpro is a nonprofit company... 

Famous Brands’ earnings fall on impairments

By: Simone Liedtke     6th May 2019 JSE-listed franchiser Famous Brands on Monday said it was likely to report a basic loss a share of between 432c and 528c for the financial year ended February 28, compared with the earnings per share (EPS) of 22c reported for the prior financial year. This decrease in EPS was attributed to an... 

Biggest grocers to use blockchain for food safety, traceability by 2025 – Gartner

By: Tasneem Bulbulia     3rd May 2019 Gartner expects that, by 2025, 20% of the top ten global grocers by revenue will use blockchain for food safety and traceability to create visibility to production, quality and freshness. The company indicated in a media release issued this week that yearly grocery sales are on the rise in all... 

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