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Food & Beverage News

Tiger Brands expects at least R500m profitability knock owing to Covid-19

By: Marleny Arnoldi 25th May 2020 Consumer packaged goods company Tiger Brands says it experienced challenges within its Grains, Groceries, Value Added Meat Products (Vamp) and Exports divisions in the six months ended March 31. So much so that its earnings per share (EPS) were down 75% year-on-year to 221c apiece, and its... →

Can maggots fuel sports drinks? South African startup thinks so

By: Bloomberg 22nd May 2020 A South African startup aims to produce high-quality protein powder from maggots for use in food products and sports drinks by the end of the year. By doing so, it will become the first company in Africa to make insect protein for human consumption. South African rivals currently harvest larvae... →

Tiger Brands expects interim earnings to decrease by at least 36% y/y

By: Marleny Arnoldi 20th May 2020 Consumer packaged goods company Tiger Brands expects its earnings per share (EPS) for the six months ended March 31 to be at least 36% lower year-on-year. EPS from total operations are expected to be between 190c and 216c apiece, which is between 75% and 78% lower than the 864c reported for the... →

PepsiCo appoints new CEO for sub-Saharan Africa

By: Donna Slater 19th May 2020 Following the $1.7-billion acquisition of Pioneer Foods in March, food and beverage maker PepsiCo has appointed current Pioneer Foods CEO Tertius Carstens CEO of its sub-Saharan Africa business, with immediate effect. The sub-Saharan Africa headquarters will be based in South Africa, which... →

Rhodes' interim performance buoyed by strong sales ahead of lockdown

By: Simone Liedtke 19th May 2020 JSE-listed Rhodes Food Group’s headline earnings a share for the six months ended March 29, 2020, decreased by 2.8% year-on-year to 31.2c, while its earnings a share decreased by 2.3% to 30.2c. Diluted headline earnings a share were down 3.1% at 31.1c. →

Astral Foods reports marginal increase in interim profit

By: Donna Slater 18th May 2020 Poultry producer Astral Foods' revenue for the six months ended March 31 increased by 4% year-on-year to R7.06-million, primarily as result of the increase in poultry’s external revenue, which contributed 79% to the consolidated revenue. Operating profit, at R546-million, increased by 8.5%... →

Covid-19 could exacerbate food insecurity, malnutrition in Africa – WHO

By: Sane Dhlamini 15th May 2020 The World Health Organization has expressed concern at the potential impact of the coronavirus on food security, which it says could worsen malnutrition in Africa. WHO Regional Director for Africa Dr Matshidiso Moeti has warned that the virus is threatening livelihoods and household economies... →

WHO urges African countries to prioritise malnutrition, food scarcity issues

By: Marleny Arnoldi 15th May 2020 The World Health Organisation (WHO) has expressed concern about the potential impact of Covid-19 on food security, which will exacerbate the already significant burden of malnutrition in Africa. WHO Africa regional director Dr Matshidiso Moeti says Covid-19 is unfolding in Africa against a... →

Long4Life delivers 'credible' full-year performance, cuts costs as Covid-19 impact starts to bite

By: Marleny Arnoldi 14th May 2020 JSE-listed lifestyle investment company Long4Life says it has delivered a credible performance in the financial year ended February 29, with trading profit up 15% year-on-year to R520-million. Headline earnings a share increased by 12% year-on-year to 43.4c. →

SAB permitted to move stock between facilities

By: Donna Slater 12th May 2020 As of May 11, the South African Breweries (SAB) is permitted to move its stock of alcoholic and non-alcoholic drinks between its manufacturing plants and its depots, after reaching an agreement with government. Prior to this agreement, no alcohol was permitted to be moved, either by individuals... →

Barloworld, Tongaat to evaluate starch sale terms amid Covid-19 impacts

By: Marleny Arnoldi 12th May 2020 JSE-listed industrial group Barloworld believes Covid-19-related impacts on the earnings of JSE-listed sugar manufacturer Tongaat Hulett’s starch business has resulted in a material adverse change (MAC) to the terms of a sale and purchase agreement between the companies. Barloworld in February... →

South Africa records stellar wine season – report

By: Tasneem Bulbulia 5th May 2020 South Africa’s 2020 wine grape crop will bring “exceptional” wines to consumers, following favourable conditions throughout the season, the South African wine industry’s yearly 'Wine Harvest Report 2020' shows. “Although it’s always important to take our diversity over ten wine grape growing... →

Famous Brands opens domestic delivery-only food services as lockdown restrictions ease

By: Donna Slater 4th May 2020 Branded food services franchisor Famous Brands has reopened a limited number of restaurants for delivery-only services across a broad geographical spectrum in South Africa in a phased programme, with effect from May 1. In terms of the Famous Brands international jurisdiction and in compliance... →

South African agriculture is dependent on imports for key inputs

By: Rebecca Campbell 1st May 2020 While South Africa was a net exporter of agricultural products, the country had to import a large proportion of the inputs required to produce this surplus, independent research body the Bureau for Food and Agricultural Policy (BFAP) has warned. In its latest brief report, The Use of Agricultural... →

Agricultural inputs supply chain likely to be tested by Covid-19

By: Rebecca Campbell 1st May 2020 Measures adopted by countries around the world to counter the Covid-19 pandemic had sent shockwaves across the global economy, triggering turmoil and volatility, noted independent South Africa research group the Bureau for Food and Agricultural Policy (BFAP) in its latest brief report, ‘The Use... →

KwaZulu-Natal vital for bearing distributor growth

By: Mamaili Mamaila 1st May 2020 Power transmission products distributor Bearings International (BI) has earmarked KwaZulu-Natal as a key growth area for its business going forward. →

POWERING ON Bearings International’s Durban branch stocks a range of bearings, electric motors, gearboxes, lubricants, seals, tools and power transmission products for several industries

Covid-19 lockdowns, rand depreciation set to accelerate food inflation

By: Rebecca Campbell 24th April 2020 The Bureau for Food and Agricultural Policy (BFAP) has, in its latest brief report Food price outlook for Quarter 2 2020 and beyond, warned that food prices in South Africa are set to rise during this, second, quarter of the year. The country’s staple foods – maize, wheat and rice – would not be... →

Solidarity Fund raises R2.6bn

By: Sane Dhlamini 23rd April 2020 Government’s pro bono organisation, the Solidarity Fund on Thursday expressed gratitude to all those who have so far donated to the fund, which has received R2.6-billion in pledges to respond to the novel coronavirus pandemic. The mandate of fund is to mobilise and coordinate financial and... →

PepsiCo launches feeding schemes to ease access to food burden

By: Donna Slater 22nd April 2020 Food company PepsiCo South Africa has launched a R12-million initiative, led locally by PepsiCo companies Pioneer Foods and Simba, to provide more than 11-million meals to communities most impacted by the socioeconomic crisis caused by the Covid-19 pandemic. The #GiveMealsGiveHope initiative... →

Solidarity Fund starts delivering food parcels to distressed families

By: Tasneem Bulbulia 20th April 2020 The Solidarity Fund on April 17 confirmed it had started the roll out of food parcels to more than 250 000 families across South Africa. The fund, which receives donations from corporates, citizens and foundations, has made R120-million available for food relief for distressed families. →

Massmart management contributes to feeding the vulnerable

By: Donna Slater 17th April 2020 Wholesale and retail group Massmart's management board and executive committee have resolved to personally fund, through a waiver of a portion of their salaries, 230 t of food for distribution to vulnerable communities. The contribution will be made to FoodForward South Africa (SA) through the... →

Spar introduces new 2 ℓ fully-recyclable milk carton

By: Donna Slater 17th April 2020 Household goods retailer Spar has launched a new 100% recyclable 2 ℓ milk carton, which is made from 87% renewable resources. The entire carton closure, including the cap, is made from plant-based material, and the board used to make the cartons, comes from responsibly-managed forests that are... →

Long4Life board, executives take pay cut in support of Covid-19 relief efforts

By: Tasneem Bulbulia 16th April 2020 JSE-listed Long4Life's board of directors and executives will take pay cuts of 30% of their salaries and fees for three months in support of South Africa’s Solidarity Fund, the company says. In President Cyril Ramaphosa’s speech on April 9, announcing an extension of the national lockdown, he... →

FoodForward reiterates plea for donations to limit civil unrest, theft

By: Marleny Arnoldi 16th April 2020 Food redistribution organisation FoodForward South Africa says the race to feed South Africa must turn from a marathon to a sprint. This is owing to the emerging risks of civil unrest and increase in crime related to food scarcity as a result of the lockdown. →

Tiger Brands assures of minimal risk to consumers after positive Covid-19 cases at Durban Bakery

By: Marleny Arnoldi 16th April 2020 JSE-listed Tiger Brands has confirmed that some of its employees at the Durban Bakery have tested positive for Covid-19, and the operation has since been temporarily closed. It, however, assures consumers that the employees did not work on the production line and that there is, therefore,... →

Bidcorp says Covid-19 impact only evident from April onwards

By: Simone Liedtke 14th April 2020 JSE-listed Bid Corporation (Bidcorp) successfully exited its UK logistics activities – Bestfood Contract Distribution and PCL – at the beginning of March, as expected. In a market update on April 14, Bidcorp said trading for the nine months to March 31, on a like-for-like basis, had held up... →

Sacci suggests phased, controlled return to work for some industries

By: Simone Liedtke 14th April 2020 With South Africa's national lockdown having been extended by a further two weeks, the South African Chamber of Commerce and Industry (Sacci) has suggested “a staggered return to business", starting with industries that can demonstrate high levels of physical distancing and health control, like... →

Business is booming for supplier

By: Darren Parker 10th April 2020 Stainless steel vessels and tanks supplier Metal Tank Industries has noted a definite market upswing in the past eight months, particularly in the food and beverage sector, as well as in the industrial sector, in terms of mineral oils, petroleum oils, chemicals and agrochemicals production.... →

MAKING IT WORK Metal Tank Industries’ streamlined production processes has helped it become more competitive in terms of costing

Covid-19 lockdowns, rand depreciation, set to drive up food, including staples, inflation

By: Rebecca Campbell 8th April 2020 The Bureau for Food and Agricultural Policy (BFAP) has, in its latest brief report Food price outlook for Quarter 2 2020 and beyond, warned that food prices in South Africa were set to rise during this, second, quarter of the year. The country’s staple foods – maize, wheat and rice – would not be... →

Tiger Brands outlines impacts of Covid-19 on its operations

By: Tasneem Bulbulia 8th April 2020 Although most of JSE-listed Tiger Brands’ manufacturing and distribution sites have been identified as essential services and have continued to operate through the national lockdown period, certain facilities and offices have been closed based on the current regulatory requirements or demand... →

Independent research body highlights complexity of South Africa’s food chain

By: Rebecca Campbell 7th April 2020 Independent research agency the Bureau for Food and Agricultural Policy (BFAP) has highlighted that South Africa’s food supply chains are complex. “These supply chains are a web of formal and informal interactions between agricultural inputs, logistics, farmers, spazas [informal convenience... →

Wine industry in bittersweet situation with harvesting allowed, but exports denied

By: Marleny Arnoldi 3rd April 2020 South Africa’s 2020 wine grape crop will still yield exceptional wines despite uncertainty at first considering South Africa’s lockdown practices, says industry body Vinpro. The industry is harvesting the last few thousand tonnes of crops across ten wine regions in the country, owing to a... →

Agri-fintech company moves to provide digital support for small-scale farmers

By: Schalk Burger 3rd April 2020 Agri-fintech company eSus Africa is supporting small-scale and emerging farmers by gathering and using data. Its onsite system enables farmers to gather machine and sensor data, monitor inputs and feeds from weather and agriculture agencies for planning and decisions, as well as record yields,... →

Astral denies that it has shut down facility owing to Covid-19 infections

By: Marleny Arnoldi 31st March 2020 Poultry producer Astral Foods has refuted fake news that has been doing the rounds on social media, claiming that some of its employees have tested positive for the coronavirus and that the Health Minister has ordered a shutdown of an Astral's production facility. The company on March 31 said... →

Massmart warns of supply chain disruption outside of S Africa

By: Marleny Arnoldi 31st March 2020 While JSE-listed Massmart’s consumer goods stores Makro, Cash & Carry, Game, Shield Buying Group and Cambridge Food will continue to operate during South Africa’s lockdown, the company did warn of disruption to its supply chain to stores outside of South Africa. “The closure of South Africa’s... →

Tribunal orders SAB to include former employees in BEE top-up scheme, pending investigation

By: Donna Slater 31st March 2020 The Competition Tribunal has issued an order, instructing South African Breweries (SAB) to set aside a portion of its black economic empowerment (BEE) scheme’s top-up benefits for former employees, pending the outcome of the final determination of a Competition Commission investigation.   This... →

Fruit SA appoints acting CEO

By: Tasneem Bulbulia 31st March 2020 Nonprofit umbrella body Fruit South Africa (SA) has appointed Fhumulani Ratshitanga acting CEO with effect from April 1. This following the resignation of Dr Konanani Liphadzi, after a six-year tenure as the first CEO of Fruit SA. →

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