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Food & Beverage News

Clover improves results, CEO expects milk supply shortage

By: Tracy Hancock     2nd March 2016 JSE-listed dairy products manufacturer Clover has reported improved results for the six months ended December 31, despite much higher national milk flow in South Africa last year, compared with the prior year periods, except for December. The company reported revenue of R5-billion, up 7.9% on the... 

AB InBev to sell SABMiller’s stake in China JV for $1.6bn

By: Megan van Wyngaardt     2nd March 2016 Beer maker Anheuser-Busch InBev (AB InBev), which is acquiring SABMiller, has entered into an agreement to sell the latter’s 49% interest in its Chinese joint venture (JV) China Resources Snow Breweries (CR Snow) to JV partner China Resources Beer (CRB) for $1.6-billion. The sales agreement was... 

AB InBev to sell SABMiller’s stake in China JV for $1.6bn
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