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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... →

Sugar industry advised to diversify product offering, enter niche product markets

By: Marleny Arnoldi 29th April 2019 Trade and Industry Minister Dr Rob Davies and the South African Cane Growers Association have agreed that increases in sugar imports in South Africa have an unavoidable impact on the competitiveness of the local sugar industry and that certain measures were necessary to restore its... →

Poultry association says importers should support local jobs

By: African News Agency 25th April 2019 The South African Poultry Association (SAPA) said on Thursday it was concerned about what it called irresponsible claims by a consumer protection body and a new organisation for black chicken importers and exporters in support of predatory trade from Brazil, at the expense of local jobs. Last... →

Tongaat to restate prior results after review

By: Reuters 24th April 2019 South African sugar producer Tongaat Hulett said on Wednesday it expects to restate prior financial information, after a review showed some accounting practices that might require remedial action. "The implementation of a turnaround plan resetting the financial and commercial priorities,... →

Petrol, bread and cereals drive CPI up to 4.5% in March

By: Marleny Arnoldi 18th April 2019 The annual headline consumer inflation accelerated to 4.5% in March, from 4.1% in February, owing to another 74c fuel price hike in the same month. Land Bank economist Tebogo Mashabela on Friday commented on Statistics South Africa’s Consumer Price Index release, pointing out that the fuel... →

Higher import tariffs on chicken will hurt poor consumers – EBieSA

By: Tasneem Bulbulia 17th April 2019 The Emerging Black Importers and Exporters South Africa and the South African National Consumer Union say raising tariffs on imported chicken could hike local chicken prices by up to 32%, putting South African consumers under further financial strain and impacting on food security for the poor.... →

Class action summons issued against Tiger Brands

By: Nadine James 17th April 2019 Packaged goods company Tiger Brands on Wednesday confirmed receipt of a summons in respect of a class action lawsuit seeking damages for the 2018 listeriosis outbreak. The Johannesburg High Court granted a certification order in December 2018, authorising the issue of a summons in a class action... →

Libstar to drive in-depth analysis, new product innovation at Dickon Hall Foods facility

By: Simone Liedtke 16th April 2019 Amid a tough customer landscape, food and beverage producer Libstar Group intends to drive in-depth analysis of category gaps and new product innovation – particularly through its Southdale-based Dickon Hall Foods facility – this year to increase its customer relationship advantage and develop... →

Brimstone to exit Clover deal on anti-Israel pressure

By: Bloomberg 12th April 2019 Brimstone Investment Corporation will exit a deal led by an Israeli company to buy a stake in South Africa’s biggest dairy producer after protests by a pro-Palestinian activist group. The investment holding firm is in “advanced talks” with a replacement shareholder that could see it exiting its... →

Projects in DRC keep local businesses afloat

By: Khutso Maphatsoe 12th April 2019 With a lack of investment and new projects locally, stainless steel fabricator Vessel Fab has expanded its offering into Africa and has been working on a few projects in the Democratic Republic of Congo (DRC) and its neighbouring countries. Over the past decade there has been an exponential... →

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EXCLUSIVELY MANUFACTURED PRODUCTS The company provides custom-built products based on client designs and specifications

Mondelēz to add Cocoa Life symbol to its chocolate products

By: Chanel de Bruyn 3rd April 2019 Global snack maker Mondelēz International has announced plans to add the message “Helping Farmers to Grow” on its chocolate products. The company indicated that this means it will not only consider commercial imperatives but also environmental, social and ethical factors when choosing where to... →

South African poultry industry backs Namibia against dumping of chicken from Brazil

By: African News Agency 2nd April 2019 The South African Poultry Association (SAPA) said on Tuesday that it had noted with alarm that the insidious dumping of chicken from Brazil that plagues the local industry has also taken root in Namibia. Izaak Breitenbach, GM of SAPA's broiler division, said that it was increasingly clear that... →

Sugar to come under renewed pressure from dumping, warns Land Bank

By: Marleny Arnoldi 29th March 2019 Increasing sugar imports and the so-called sugar tax are significant risks that may impact on the profitability of the agricultural sector in the short to medium term, says Land Bank research analyst Gilberto Blacuana. He adds, however, that these risks can be mitigated through higher import... →

Sugar industry job loss claims are premature – Treasury

By: African News Agency 28th March 2019 The South African Canegrowers Association recently claimed that the sugar tax has cost the industry R925-million in the 2018/19 season, while the DA has claimed that over 1000 jobs had already been lost due to the tax. But National Treasury’s Mpho Legote said that any current estimates are... →

Rhodes’ regional growth continues despite consumer slowdown

By: Nadine James 27th March 2019 Despite the continued challenging trading environment, Rhodes Food Group managed to increase turnover in its regional segment (Africa) by 8.2% for the five months ended February 28, the company announced in a trading statement on Wednesday. Long life revenue grew by 12.7%, with volume growth of... →

Taste Holdings appoints Dylan Pienaar CEO

By: Reuters 25th March 2019 Taste Holdings has appointed its chief operating officer, Dylan Pienaar, as chief executive officer effective on Monday as part of its restructuring. Acting chief executive officer, Tyrone Moodley, stepped down on Monday and has been reappointed as a non-executive member of the firm which... →

SAB to expand water-saving collaborations to more municipalities

By: Nadine James 22nd March 2019 South African Breweries (SAB) hopes to expand its water-saving collaboration efforts with municipalities to more water-stressed communities across South Africa, after achieving significant successes in Cape Town and Tshwane. Working with local municipalities in Cape Town and Tshwane, SAB has... →

Dangote's Nigeria tomato plant resumes after years of idling

By: Bloomberg 20th March 2019 A tomato-paste factory owned by Africa’s richest man, Aliko Dangote, resumed production in Nigeria’s northern state of Kano after staying idle for more than two years over a supply disruption partly caused by a price dispute with farmers. The factory, with a capacity for 1 200 metric tons of... →

Ascendis Health records strengthened interim gross margin

By: Tasneem Bulbulia 18th March 2019 Ascendis Health’s gross margin for the six months ended December 31, 2018, strengthened by 260 basis points to 44.9%, mainly owing to improved raw material pricing through strategic sourcing in Farmalider and Remedica, the discontinuation of low-margin products in the Wellness, Biosciences and... →

Nederburg, KWV remain among top 50 global most admired wine brands

By: Marleny Arnoldi 18th March 2019 Winery Nederburg has, for a fourth consecutive year, ranked in the top 50 list of the “World’s Most Admired Wine Brands” in UK-based publication Drinks International. Nederburg is one of only two South African wine brands that made the list, which selects out of more than 200 of the most... →

Nederburg vinyard

China a potential market for South African avos as other markets mull import bans

By: Simone Liedtke 15th March 2019 The South African avocado market faces the threat of a possible ban in future, particularly in the UK, which is reportedly getting rid of avocados on ethical grounds, says economist Gilberto Biacuana. The UK is the second most important market for South Africa’s avocado exports, which means that... →

Coca-Cola facilitates health services delivery

15th March 2019 Global beverage company Coca-Cola’s project last mile (PLM) has made significant progress in transforming the delivery of lifesaving medicines and increasing the demand for health services across Africa. The innovative public partnership between the Coca-Cola Company, the Coca-Cola Foundation,... →

AFRIFOOT PRINT Coca-Cola’s project last mile kick-started pilots in newer countries including Liberia, Sierre Leone, Swaziland and Nigeria

TymeBank goes live in Pick n Pay and Boxer stores

15th March 2019 Last month, South Africa’s first fully licensed digital bank TymeBank went live in 500 stores of supermarket chain store Pick n Pay and discount supermarket Boxer in preparation for its formal launch. This followed a successful soft launch in December when the bank went live in 20 Pick n Pay and... →

CUSTOMER CARE A TymeBank customer will be able to earn Smart Shopper points anywhere when they use their TymeBank card to make a purchase.

South Africa sugar tax to cut industry revenues, prompt reform – USDA

By: Reuters 14th March 2019 South Africa's sugar tax could slash industry revenues and prompt restructuring of the country's sugar sector, the US Department of Agriculture (USDA) said in a report published on Wednesday. The tax, introduced last April, has slashed the beverage sector's use of sugar by 30%, the USDA attache... →

Libstar declares maiden dividend on back of strong perishable foods performance

By: Marleny Arnoldi 13th March 2019 JSE-listed consumer packaged goods producer and supplier Libstar has declared its maiden dividend of 22c a share, for the year ended December 31, following its listing on the JSE in May 2018. CEO Andries van Rensburg on Wednesday said the company had experienced the toughest market conditions... →

AECI’s Lake Foods, Christian Hansen launch dairy application centre

By: Simone Liedtke 12th March 2019 Food and beverage company Lake Foods, a division of South African chemicals group AECI, on Tuesday launched its new dairy application centre in Cape Town. The centre will assist customers with new product innovation and development, as well as product improvements. →

Government continues with efforts to support the local poultry industry

By: Tasneem Bulbulia 6th March 2019 The South African government is continuing with a number of interventions to support the domestic poultry industry, the Department of Trade and Industry (DTI) said on Wednesday. Interventions include measures to boost competitiveness, value-addition and technology upgrades; trade measures; export... →

Winemakers open new African frontier with Drakensberg vines

By: Bloomberg 6th March 2019 South Africa’s wine industry is centered around Cape Town. But pioneers far to the northeast are forging a new frontier in unlikely surroundings as changing weather patterns test long-held conventions. Cathedral Peak wine estate’s vines grow in the foothills of the Central Drakensberg, or “Dragon... →

Clover achieves higher H1 earnings despite sugar tax, fuel increases

By: Marleny Arnoldi 5th March 2019 Amid increasing sugar taxes and fuel prices, JSE-listed consumer goods group Clover managed to increase its headline earnings by 5% to R236-million, or 123.5c a share, for the six months ended December 31, 2018, compared with the R224-million, or 117.6c a share, reported for the six months ended... →

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Clover CEO Johann Vorster

Tongaat's South African Sugar business head, Mozambique head to retire

By: Tasneem Bulbulia 4th March 2019 Tongaat Hulett on Monday announced that two of its senior executives, South African Sugar business head Martin Mohale and Mozambique head Rosario Cumbi, have elected to take early retirement. Further, Sydney Mtsambiwa has stepped down as Tongaat Hulett Zimbabwe MD and will now be supporting the... →

Sugar, chicken imports contribute to 26% y/y decrease in RCL’s H1 earnings

By: Marleny Arnoldi 4th March 2019 Food producer RCL Foods’ headline earnings decreased by 26.3% to R475-million for the six months ended December 31, 2018, compared with the R644-million reported for the six months ended December 31, 2017. This translated to headline earnings a share of 54.8c apiece, compared with 74.5c apiece... →

Distell eyes expansion in China, Latin America

By: Reuters 1st March 2019 Growth-hungry South African drinks maker Distell is looking at both China and Latin America for further expansion, although the African continent - which bolstered its results for the first half of the year - remains its main focus. The company, which makes wines, spirits and ciders, is in the... →

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