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Food & Beverage News

S African wines captivate palates of the Russians

13th March 2020 Proudly South African wines that were showcased last month at the Prodexpo International Trade Show in Moscow, Russia captivated the palates of the Russians. Prodexpo is one of the largest international shows for the food and drinks sector in Russia and Eastern Europe.  

Rhodes to supply canned fruit to Walmart US stores 

By: Marleny Arnoldi     10th March 2020 US retailer Walmart has selected South Africa’s Rhodes Food Group to supply it with tinned fruit products. The South African canned food company will supply Walmart with an initial order of three canned pear variations.  

Rhodes to supply canned fruit to Walmart US stores

DTIC reaches agreement with PepsiCo

By: Tasneem Bulbulia     5th March 2020 An agreement between the Department of Trade, Industry and Competition and PepsiCo has been reached, and the buyout of Pioneer Foods by PepsiCo is currently with the Competition Tribunal for approval, Trade and Industry Minister Ebrahim Patel informed during the Black Business Council's yearly... 

Chicken, sugar volume growth boosts RCL’s interim revenue, earnings

By: Marleny Arnoldi     2nd March 2020 JSE-listed consumer goods company RCL Foods grew its underlying headline earnings per share (HEPS) for the six months ended December 31, by 23.8% year-on-year to 63c. RCL again declared a 15c a share dividend for the six months.  

Chicken, sugar volume growth boosts RCL’s interim revenue, earnings

Tongaat Hulett to sell starch division to Barloworld for R5.35bn

By: Creamer Media Reporter      28th February 2020 JSE-listed Tongaat Hulett will sell its starch business to Barloworld for an enterprise value of R5.35-billion. Tongaat will use the proceeds to reduce its debt. 

Stainless steel growth unlikely in 2020

By: Mamaili Mamaila     28th February 2020 The level of activity in the local stainless steel sector’s value chain has dwindled in the past decade, mainly owing to international competition, low steel prices and the slow growth of the local economy. 

Stainless steel growth unlikely in 2020
FULL OF VIGOR Stainless steel is one of the youngest industrial materials globally, managing to positively change people’s lives

Old wine in new cans? South African startup sniffs new export opportunity

By: Reuters     26th February 2020 A South African startup is hoping to cash in on a growing global taste for canned wines as a lighter, more convenient alternative to bottles. Canned wines are already on sale in the United States, parts of Europe and elsewhere, but they are a novelty in South Africa, which is one of the world's... 

Jungle Oats opens new Oat Mill in the Western Cape

21st February 2020 JSE-listed Tiger Brands has officially opened its new Oat Mill for its first and oldest product – Jungle Oats – in Maitland, Cape Town. Speaking at the opening event on Friday, unit manager Rees de Villiers outlined some of the advanced features of the new mill. 

Bidcorp delivers 4% rise in interim HEPS despite headwinds

19th February 2020 JSE-listed Bid Corporation (Bidcorp) achieved “a resilient performance” in the six months to December 31, despite “volatile social, political and environmental circumstances in some operating geographies and despite underperformance in a number of operations,” CE Bernard Berson said on Wednesday.... 

Bidcorp delivers 4% rise in interim HEPS despite headwinds
Bernard Berson

Grand Parade sells off Burger King South Africa and its patty supplier

By: Marleny Arnoldi     19th February 2020 JSE-listed Grand Parade Investments has entered into a binding offer to sell all its shares in fast food franchise Burger King South Africa (BKSA) to ECP Africa Fund IV. Grand Parade owns 95.36% of the issued share capital of BKSA.  

Sale of Nampak's Glass business one step closer to finalisation

By: Creamer Media Reporter      18th February 2020 Packaging products manufacturer Nampak on Tuesday said the Competition Commission had granted its approval, subject to certain conditions, for the sale of Nampak's Glass business to Isanti Glass 1. Nampak in September last year announced that it would sell the Glass business to Isanti Glass 1, a... 

Sea Harvest expects higher headline earnings

By: Marleny Arnoldi     18th February 2020 JSE-listed Sea Harvest says its South African fishing operation and its Ladismith Cheese operation made solid contributions to the group’s overall financial performance for the year ended December 31. It, therefore, expects headline earnings a share for the year to be between 28% and 37% higher... 

Sea Harvest expects higher headline earnings

Tongaat mulls sale of its starch division

By: Simone Liedtke     13th February 2020 JSE-listed sugar producer Tongaat Hulett has entered into negotiations with regard to the potential sale of Tongaat Hulett Starch. The division is Africa’s largest producer of starch, glucose and related products. It converts more than 670 000 t/y of bought-in maize into starch and starch-based... 

Commission recommends approval of PepsiCo’s acquisition of Pioneer Foods

By: African News Agency      12th February 2020 South Africa's Competition Commission has recommended that the Competition Tribunal conditionally approve the acquisition of Pioneer Foods by a wholly-owned subsidiary of United States multinational food and beverage company PepsiCo. Simba gave notice last July of its intention to acquire the... 

Tiger Brands warns of interim profit fall, shares plunge

By: Reuters     12th February 2020 South Africa's leading food producer Tiger Brands warned on Wednesday that it expects half-year headline earnings to fall as much as 36% as its bakery and pasta business faced pricing pressure and a legal dispute wiped out exports to Nigeria. The warning sent shares in the owner of brands such as... 

Pick n Pay strengthens efforts to reduce single-use plastic packaging

7th February 2020 Retailer Pick n Pay plans to contribute significantly to reducing the impact of single-use plastic and packaging by 2025. Since 2018, it has successfully implemented a number of initiatives to reduce packaging and single-use plastic at its stores and throughout its supply chain. 

AB InBev appoints new CFO

By: Tasneem Bulbulia     6th February 2020 Publicly traded company Anheuser-Busch (AB) InBev on Thursday announced that chief financial and technology officer Felipe Dutra would step down. Fernando Tennenbaum has been appointed CFO. He is a 15-year veteran of the company and presently serves as VP of finance for the company’s South... 

Wine producers, cellars to participate in wine tourism survey

By: Marleny Arnoldi     5th February 2020 To determine the economic value of the wine tourism sector, wine industry body Vinpro has launched a survey among its members and South Africa’s wine route offices. The organisation, in a statement on Wednesday, said the survey would provide a credible benchmark that could be used to track the... 

Tiger Brands appoints interim CFO

By: Creamer Media Reporter      31st January 2020 JSE-listed Tiger Brands has appointed Pamela Padayachee interim CFO, effective February 1. This follows the resignation earlier this week of CEO Lawrence MacDougall and the appointment of CFO Noel Doyle to the role of acting CEO. 

Tongaat to resume JSE trading next week; interim headline loss narrows

By: Marleny Arnoldi     31st January 2020 JSE-listed sugar producer Tongaat Hulett managed to turn an operating profit of R1.2-billion in the six months ended September 30, 2019, compared with an operating profit of R315-million in the six months ended September 30, 2018. This helped the company narrow its headline loss to R314-million... 

Tongaat to resume JSE trading next week; interim headline loss narrows
Tongaat's Felixton mill, in KwaZulu-Natal

Company supplies motor units for German project

31st January 2020 Drive technology company SEW-Eurodrive supplied 64 Movigear servo motors from its Cape Town branch to a major original-equipment manufacturer (OEM). 

Company supplies motor units for German project
IDEAL SOLUTIONS The Movigear solution was ideal for this application owing to its 200:1 speed range

Flowmeter continues to offer control solutions

By: Halima Frost     31st January 2020 Instrumentation, solutions and services supplier Endress + Hauser’s Promag H 100 electromagnetic flow meter has been widely adopted by the South African food and beverage, as well as life sciences industries, since its introduction to the market. Promag H 100 is a multivariable measurement... 

Flowmeter continues to offer control solutions
PRO FLOW The Promag H 100 controls the flow of materials through proven sensor technology and ultra-compact transmitter electronics

Successful installation creates further opportunities

By: Halima Frost     31st January 2020 Subsequent to the successful installation of an automated control solution at a confectionary manufacturer, in KwaZulu-Natal, engineering solutions provider Hybrid Automation has seen an uptick in demand for control systems in the fast-moving consumer goods sector. “The need for the upgrade was... 

Successful installation creates further opportunities
PERFECT PANEL The installation included control panels, which offered a new human-machine interface

Tongaat to report smaller interim loss

By: Marleny Arnoldi     29th January 2020 JSE-listed Tongaat Hulett expects to report a headline loss for the six months ended September 30, 2019, of between R300-million and R322-million, which is an improvement on the headline loss of R354-million recorded in the six months ended September 30, 2018. That translates to a headline loss... 

Tongaat to report smaller interim loss

Doyle to succeed MacDougall as CEO of Tiger Brands

By: Creamer Media Reporter      29th January 2020 Branded food, home care and personal care product manufacturer Tiger Brands' CFO Noel Doyle will succeed Lawrence MacDougall as CEO, effective February 1. MacDougall, who has been CEO since 2016, has reached the company's mandatory retirement age of 63 and will exit the company on March 31 to... 

Standard Bank helps Coca-Cola Beverages expand in Ethiopia

By: Simone Liedtke     29th January 2020 Financial institution Standard Bank has successfully arranged and structured $50-million in financing facilities for Coca-Cola Beverages Africa (CCBA) to support its expansion strategy in Ethiopia over the next five years. The Coca-Cola Company holds a majority stake in CCBA, which is the largest... 

South Africa will caution Trump against ‘premature’ trade review

By: Bloomberg     29th January 2020 South Africa’s government will tell President Donald Trump’s administration that its review of a preferential trade agreement that could put as much as $2.4-billion in exports at risk is premature and potentially damaging for both economies. The US Trade Representative will start public hearings... 

South Africa will caution Trump against ‘premature’ trade review

Wine grape conditions improving this year

By: Marleny Arnoldi     27th January 2020 Wine producer association Vinpro says things are looking up in most regions for wine grape harvests in South Africa this year. “Sufficient water and a moderate ripening period contributed to expectations of a somewhat larger 2020 South African wine grape harvest compared to 2019; however, still... 

Wine grape conditions improving this year

South African wine industry bullish despite tough environment

By: Tasneem Bulbulia     24th January 2020 The South African wine industry expects 2020 to be a difficult year, but remains hopeful that it will be able to build on some of the momentum gained in 2019 to overcome major challenges.   

Dubai Airports single-use plastics ban in effect

24th January 2020 In a bid to manage its environmental impact, international airports authority Dubai Airports Company reports that its self-imposed ban on single-use plastics at both of Dubai’s airports has been put into effect from the beginning of this month.   

Dubai Airports single-use plastics ban in effect
TERMINAL PLASTIC USE Dubai Airports will be terminating all single-use plastic from its airport effective January 1, 2020

Prize-winning edible straws

By: Debbie French     22nd January 2020 A passion for environmental sustainability recently bagged a second-year Chemical Engineering student at Stellenbosch University (SU) a massive cash prize. Moved by a Facebook post of a sea turtle with a plastic fork stuck in its nose, 19-year old Leila Siljeur felt she had to do something to... 

Prize-winning edible straws

Company expands into boiler manufacturing

By: Cameron Mackay     17th January 2020 Boiler management, consulting, engineering and quality-assurance services provider GM Boiler and Steam Consulting Engineering (GMB) will continue to expand its business this year to include the manufacturing of boilers and boiler components for plant and production industries. Last year, the... 

Company expands into boiler manufacturing
BOILER UPKEEP The company’s knowledge and expertise in refurbishment services has become vital for the maintenance of second- and third-hand boilers

SAB, AB InBev ahead of renewable energy target for 2020 

By: Simone Liedtke     16th January 2020 Beer maker South African Breweries (SAB) and its parent company AB InBev Africa have announced that its breweries across South Africa will have on site solar facilities by the end of this month. This forms part of a multibillion-rand investment to ensure 100% of electricity requirements at AB... 

SAB, AB InBev ahead of renewable energy target for 2020

Global food prices jump to five-year high

By: Bloomberg     10th January 2020 Global food prices ended the year at the highest in half a decade, propelled by swine shortages and rising vegetable-oil demand across the world. The 13% annual gain in the United Nations’ food index marks a turnaround from recent years, when grocery bills were kept in check by surpluses of... 

AB InBev CFO may be stepping down after 15 years

By: Bloomberg     8th January 2020 Anheuser Busch InBev’s Felipe Dutra may step down after about 15 years as CFO of the world’s largest brewer, a person familiar with the matter said. Succession planning is routine for officials at his level, according to the person, who asked to remain anonymous as the information isn’t public.... 

Pick n Pay aims to cut its food waste by 50% by 2025

By: Simone Liedtke     18th December 2019 Twenty of supermarket Pick n Pay’s biggest suppliers has joined the chain store in a new global project to combat food waste. Backed by ten of the world’s largest food retailers and manufacturers, the initiative will focus on in-store and supply chain food loss and waste. 

Pick n Pay aims to cut its food waste by 50% by 2025

Tongaat to ask JSE for resumed trade only late in January

By: Marleny Arnoldi     11th December 2019 JSE-listed sugar producer Tongaat Hulett has decided to only ask the JSE to lift the suspension in the trading of its shares after it publishes its trading statement for the six months ended September 30. The company in its results for the year ended March 31, published on Tuesday, indicated... 

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