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Food & Beverage News

Taste appoints new CFO

By: Creamer Media Reporter      11th January 2019 JSE-listed Taste Holdings has appointed Hannes van Eeden CFO, effective January 14. Van Eeden is a qualified chartered accountant and an experienced CFO, the company said on Friday. 

AB InBev soars on possible IPO of Asian business 

By: Bloomberg     11th January 2019 Anheuser-Busch (AB) InBev's shares jumped the most since 2015 after people with knowledge of the matter said the world’s largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven,... 

Agbiz appoints GM for Fruit Desk initiative

By: Marleny Arnoldi     11th January 2019 Agricultural Business Chamber South Africa (Agbiz) has appointed Stephanie van der Walt Fruit Desk GM. The Fruit Desk is an initiative of Fruit South Africa, specifically the Citrus Growers Association, Hortgro, the South African Table Grape Industry and the Fresh Produce Exporters Forum, in... 

Zimbabwe's Delta hikes price of beer as liquidity crunch bites

By: African News Agency      8th January 2019 Zimbabwe’s largest drinks company Delta Corporation has resorted to increasing the price of clear beer by an average 25% after the government stopped it from selling exclusively in United States dollars. “The adjustment of the wholesale price is meant to cushion against the significant increases... 

Gold Brands still in talks about selling assets to rescue dying business

By: African News Agency      4th January 2019 Troubled fast-food franchising group Gold Brands said on Friday negotiations that may result in the acquisition of one of its subsidiaries or a stake in the group were still in progress, and if successfully concluded may have a material effect on its share price. In August trading in the... 

Aspen says on track to dispose of baby milk business

By: Reuters     14th December 2018 Aspen Pharmacare said on Thursday it expected the conditions for the sale of its infant formula business to be in place by the first quarter of 2019. The drugmaker's shares tumbled 35% within a week after it announced the sale of its infant formula business in September to French company Lactalis... 

Famous Brands' UK burger chain shuts 14 struggling stores

By: Reuters     12th December 2018 Famous Brands said on Tuesday its UK-based unit Gourmet Burger Kitchen (GBK) has closed 14 out of 17 under-performing stores following the approval of a restructuring plan by creditors. A string of British store groups have either gone out of business or announced plans to close shops this year,... 

Tiger Brands to reopen Polokwane meat products processing facility

By: Tasneem Bulbulia     7th December 2018 Tiger Brands on Thursday received a Certificate of Acceptability from the Capricorn Municipality for its value-added meat products processing facility in Polokwane, Limpopo, allowing for the production of ready-to-eat products to restart immediately. The certificate was issued after a rigorous... 

Class action against Tiger Brands certified by High Court

By: Simone Liedtke     3rd December 2018 The Johannesburg Local Division of the High Court of South Africa has granted an order certifying a class action against Tiger Brands. The class action certification follows a listeriosis outbreak in March at Tiger Brands’ subsidiary Enterprise Foods’ manufacturing facility in Polokwane, which is... 

Coca-Cola Beverages Africa appoints new group chief executive

By: African News Agency      3rd December 2018 Coca-Cola Beverages Africa (CCBA) on Monday announced the appointment of Jacques Vermeulen as its new group chief executive, with effect from December 1. The company said Vermeulen has served as managing director of CCBA’s International Division, which covers all of CCBA’s Africa operations... 

ELB awarded design, supply contract for Illovo sugar system in Malawi

By: Marleny Arnoldi     3rd December 2018 ELB Engineering Services has been awarded the design and supply contract for the sugar supply system for Illovo Sugar Malawi’s Dwangwa packing facility, in Malawi. ELB will provide Illovo with a new sugar supply system that complies with the sugar producer’s hygiene requirements, while reducing... 

More firms show interest in buying South Africa's Clover

By: Reuters     30th November 2018 South Africa's Clover Industries said on Friday other unnamed firms have shown interest in buying all its shares, after the dairy firm said in October it was in talks with a potential suitor. Clover, which processes products including yoghurt, beverages, cheese and olive oil, has not named any of... 

Taste halts Domino's and Starbucks store expansion

By: Reuters     27th November 2018 South Africa's Taste Holdings said on Tuesday it had halted the roll out of new Domino's Pizza and Starbucks stores after reporting a loss in the first half of its financial year. South African retailers have struggled to lift earnings this year in the recession-bound economy as elevated... 

Nampak produces ‘pleasing’ FY18 results despite challenging environment

By: Nadine James     27th November 2018 Packaging company Nampak has achieved positive results for its continuing operations for the financial year ended September 30, with profit up 29% year-on-year to R1.2-billion and headline earnings a share up 15% year-on-year to 168.7c a share. Nampak CEO André de Ruyter told Engineering News... 

Tiger Brands to spin off 42% stake in Oceana

By: Reuters     22nd November 2018 Tiger Brands, which is recovering from a food contamination crisis, said on Thursday it will spin off its 42.1% stake in Oceana Group worth $330-million to focus on growing its core food and drinks business. "The decision was taken following a review of Oceana's fit with the group's core business... 

Tiger Brands food revenues decline 52% to R1.1bn after products recall due to listera outbreak

By: African News Agency      22nd November 2018 Packaged goods company Tiger Brands said on Thursday that its food revenue declined 52% to R1.1-billion for the year ended 30 September.  The company said it suffered abnormal losses of R422-million in this period, including the significant impact of the value-added meat products (VAMP) recall of... 

Astral commits to R1.1bn in expansion projects 

By: Simone Liedtke     19th November 2018 On the back of President Cyril Ramaphosa’s recent investment drive and stimulus plan, integrated poultry producer Astral Foods has committed R1.1-billion to expansion projects over the next three years. This is the JSE-listed company’s first major expansion in its poultry division in a decade and... 

Astral commits to R1.1bn in expansion projects

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production

By: Marleny Arnoldi     19th November 2018 Nespresso, an operating unit of Nestlé Group, will be the first company to use responsibly-sourced aluminium from global miner Rio Tinto to produce its coffee capsules. The two companies have signed a memorandum of understanding (MoU) to work together with Nespresso’s capsule manufacturers to... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production
Nespresso using Rio Tinto's responsibly-sourced aluminium in coffee capsule production

Wine looking positive in the face of poor economy

16th November 2018 Despite the poor performance of the economy, industrial research company BMi Research says the wine industry yielded a positive volume growth relative to the previous year. The company notes that the growth in production may be attributed to farmers investing in improved irrigation systems as... 

Wine looking  positive in the face  of poor economy
MALTITUDE OF BEERS With lower incomes households are opting for cheaper beers at home instead of at restaurants

Big five to save water for wine producers

By: Halima Frost     16th November 2018 Owing to the prolonged drought that has caused severe challenges, the local wine industry is researching more efficient ways of monitoring and managing water use through five projects, says representative body of the South African wine industry Vinpro. This comes after what has been recorded as... 

Big five to save water for wine producers
RIPE FOR THE PICKING The harvest done at exactly the right time makes for a good wine

Canning can become a reality for microbrewers

By: Halima Frost     16th November 2018 Canning in the South African microbrewery industry is set to be the “new big thing”, which brewery company founder Apiwe Nxusani-Mawela believes will develop tremendously in the next year or two. However, she notes that the cost implications of installing a canning plant are a challenge. “With... 

Canning can become a  reality for microbrewers
LOVE LOCAL BREW Brewing in Soweto headed by Apiwe Nxusani-Mawela

Stable growth forecast for 2019 wine grape crops

By: Marleny Arnoldi     15th November 2018 Wine industry representative body Vinpro expects 2019 wine grape crops will return to normal levels in most regions, owing to good rainfall after a three-year-long drought. However, the Klein Karoo region is still experiencing serious water shortages, it warned on Thursday.  

Stable growth forecast for 2019 wine grape crops

SAB, AB InBev launch alcohol-free snack

By: African News Agency      14th November 2018 South African Breweries and AB InBev are piloting a savoury grain snack made from locally grown grain, the proceeds of whose sale will be used to help develop emerging farmers and support community development initiatives, the companies said. Castle Lager Better Bites is available for purchase at... 

Cane valuations, land negotiations dent Tongaat Hulett’s H1 headline earnings

By: Marleny Arnoldi     12th November 2018 JSE-listed agriculture and agroprocessing group Tongaat Hulett suffered a 64% year-on-year decrease in operating profit for the six months ended September 30 to R530-million, compared with the R1.4-billion profit reported for the six months ended September 30, 2017. Tongaat said on Monday that... 

Cane valuations, land negotiations dent Tongaat Hulett’s H1 headline earnings

Tiger Brands says FY earnings to fall as much as 30%

By: Reuters     9th November 2018 Tiger Brands expects full year headline earnings per share to fall between 25% and 30% compared with the previous year, the food group said on Friday, sending its shares 3% lower. In August, the company had forecast headline earnings per share, excluding costs from a disposal of its Haco business... 

Bearings mitigate health concerns in F&B industry

By: Paige Müller     9th November 2018 Amid stringent health and hygiene standards in South Africa’s food and beverage industry, bearings and power transmission products distributor, Bearings International (BI), offers the industry a bearing solution that will ensure the highest health and hygiene standards in food processing plants.... 

Bearings mitigate health concerns in  F&B industry
HIGH-PRESSURE READY All KML bearings housing units have smooth surfaces that can be cleaned easily with high-pressure washing equipment

SAB, AB InBev Africa open second production line at PE brewery

By: Marleny Arnoldi     8th November 2018 South African Breweries (SAB) and AB InBev Africa have invested R438-million in installing a second production line at the Ibhayi brewery in Port Elizabeth. The new 6 000 m2 packaging line for returnable glass bottles can produce 34 500 bottles an hour, in 910 mℓ and 1 ℓ sizes, equating to an... 

SAB, AB InBev Africa open second production line at PE brewery

Karan Beef, I&J face charges over alleged cartel conduct

By: Marleny Arnoldi     29th October 2018 The Competition Commission has referred to the Competition Tribunal the prosecution of beef processing companies Irvin & Johnson (I&J) and Karan Beef for alleged cartel conduct. The two companies have been charged with dividing markets in the supply of processed beef products, such as beef... 

McDonald’s SA to invest R3bn in opening 120 new restaurants in 5 years

By: Marleny Arnoldi     29th October 2018 Fast food franchise McDonald’s South Africa (McDonald’s SA) has committed to investing R3-billion in South Africa over the next five years. This was announced at the South African Investment Conference, held in Johannesburg, last week.  

McDonald’s SA to invest R3bn in opening 120 new restaurants in 5 years

Famous Brands posts H1 organic growth, despite pressure on some business segments 

By: Marleny Arnoldi     29th October 2018 JSE-listed franchiser Famous Brands on Monday reported strong organic growth by its brands in the South Africa and Africa and Middle East (AME) regions during the six months to August 31. Operating profit for the first half of the financial year was up 3.9%, at R421.8-million, compared with... 

Prototype soil sampling device being tested for use in agriculture

By: Schalk Burger     26th October 2018 A cost-effective, handheld soil and water chemical testing device for use in agriculture is being developed and tested by information technology research subsidiary IBM Research, says IBM Research Brazil Industrial Technology & Science manager Dr Mathias Steiner. The AgroPad is a business... 

Prototype soil sampling device being tested for use in agriculture
AGROPAD SCAN Farmers can gain meaningful information to optimise conditions to grow a specific crop

Anheuser-Busch InBev third quarter revenue up 4.5%

By: African News Agency      25th October 2018 The world's largest brewer Anheuser-Busch InBev said on Thursday its revenue grew by 4.5% in the third quarter, while total volumes were up 0.2%. AB Inbev said ​good growth in own beer volumes achieved in Europe, Mexico and many African markets during the quarter were partially offset by Brazil... 

PIC buys into Africa's biggest feedlot in $365m deal

By: Bloomberg     24th October 2018 The Public Investment Corporation (PIC) and black economic empowerment group Pelo Agricultural Ventures agreed to pay as much as R5.2-billion ($365-million) for a majority stake in Karan Beef, which operates the continent’s largest cattle feedlot and abattoir. Founded by the Karan family on their... 

Dairy firm Clover says in takeover talks, shares jump

By: Reuters     19th October 2018 Clover Industries said on Friday it has entered into talks with an unnamed party that intends to acquire the entire issued share capital of the dairy company, sending its shares up nearly 12%. Clover, which processes products including yoghurt, beverages, cheese and olive oil, did not provide... 

Coca-Cola says all containers to be made from recyclable materials by 2025

By: Schalk Burger     19th October 2018 Beverages multinational subsidiary Coca-Cola Southern and East Africa (CCSEA) continues to reduce the weight of its bottles and has committed to recovering the equivalent of 100% of  all its packaging by 2025, says CCSEA head of sustainability Dr Casper Durandt. These commitments are part of... 

Better recycling requires pact with consumers

By: Schalk Burger     19th October 2018 While commercial companies continue to work to reduce the impact of their products on the environment, improving the recycling of polyethylene terephthalate (PET) requires the involvement and understanding of consumers, said recycling company Mpact GM Nicholas Schild. PET recycling rates in South... 

Packaging system saves about 76% of plastic

19th October 2018 Brewery company Carlsberg Group has switched to packaging solution Nature Multipack which is aligned to its new industry-leading sustainability programme called ‘Together towards Zero’ to be implemented by 2030. Being an innovation of global company KHS subsidiary NMP Systems, Nature Multipack... 

Packaging system saves about 76% of plastic
GROUND BREAKING The Snap Pack replaces plastic wrapping

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