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Food & Beverage News

Astral CEO to take leave of office

By: Simone Liedtke 14th August 2019 Poultry producer Astral Foods CEO Chris Schutte will be taking leave of office to recuperate from a cardiovascular surgery later this month. The date of his return to office will be announced at a later stage. →

Coca-Cola Beverages South Africa, Exxaro employees nominated for Top Women awards

By: Marleny Arnoldi 13th August 2019 Coca-Cola Beverages South Africa (CCBSA) has been nominated for the Top Gender Empowered Organisation: Business of the Year award, in the sixteenth annual Standard Bank Top Women Awards, while two Exxaro employees have been named finalists for Woman of the Year awards. The Standard Bank Top Women... →

Agriculture sector driven to spend more upfront on innovation

By: Darren Parker 9th August 2019 Amid current economic pressure, high energy costs and power grid uncertainty, the agriculture sector in South Africa is starting to favour higher capital expenditure on advanced technology because of the resulting long-term reductions in operating costs, says drive engineering company... →

SEW-Eurodrive sales manager Willem Strydom discusses the motors supplied to the 100 t/h Free State feed mill.

Distell writes down Angolan investment

By: Reuters 7th August 2019 South African alcoholic beverages firm Distell Group said on Wednesday it expects full-year headline earnings to fall as much as 6% and has written down the value of its investment in Angola and took a credit loss provision in Zimbabwe. Earnings per share (EPS) for the year ended June is expected... →

Diageo pledges $219m for clean power at African breweries

By: Bloomberg 6th August 2019 Diageo will invest $219-million in renewable-energy upgrades to breweries across Africa with infrastructure including new biomass boilers to turn wood chips, bamboo and rice husks into steam power. The world’s largest drinks maker will also add solar installations and water-recovery facilities at... →

Sea Harvest expects up to 59% rise in interim headline earnings

By: Tasneem Bulbulia 5th August 2019 JSE-listed Sea Harvest expects to report a 48% to 59% year-on-year increase in headline earnings to between R165-million and R177-million for the six months ended June 30. The company, which will release its interim results on September 2, on Monday said it expected to report basic earnings per... →

AB InBev empowers farmers across Africa through blockchain technology

By: African News Agency 31st July 2019 The world's largest brewer AB InBev said on Wednesday a partnership with US fintech company BanQu was giving smallholder African farmers in its supply chain the resources they needed to grow and prosper. AB InBev Africa is rolling out a blockchain solution developed by BanQu which enables farmers... →

Heineken to increase Sedibeng brewery capacity to 7.5m hectolitres by 2020

By: Simone Liedtke 29th July 2019 Despite an economic downturn, international beer brewer Heineken South Africa will be expanding its Sedibeng brewery's production from 5.3-million hectolitres to 7.5-million hectolitres a year by 2020. By 2022, production will have increased to eight-million hectolitres a year. →

Brimstone secures replacement BBBEE shareholder to exit Clover scheme

By: Tasneem Bulbulia 26th July 2019 JSE-listed Brimstone Investment has secured a suitable replacement broad-based black economic empowerment (BBBEE) investor to acquire its interest in Milco SA to facilitate Brimstone’s exit from its participation in the Clover scheme. The replacement BBBEE shareholder is BEEMilk, an entity... →

Poultry importers, producers in standoff over proposed import tariffs

By: Simone Liedtke 25th July 2019 The standoff between South African poultry producers and importers, about proposed import tariff increases continues. A decision to implement tariff increases of up to 82% on chicken imported from non-European Union (EU) and non-Southern African Development Community (SADC) countries could result... →

Photo by Creamer Media's Simone Liedtke
AMIE CEO Paul Matthew

Commission recommends Clover buyout be approved with conditions

By: Tasneem Bulbulia 22nd July 2019 The Competition Commission has recommended to the Competition Tribunal that the proposed merger, whereby Milco SA intends to acquire Clover, be approved, with conditions. Milco SA, a special purpose firm incorporated in South Africa, is controlled by Mauritius International (MMI). Clover’s... →

AB InBev sells Carlton subsidiary for $11bn

By: Marleny Arnoldi 19th July 2019 NYSE- and JSE-listed Anheuser-Busch InBev (AB InBev) on Friday announced it would sell its Australian subsidiary Carlton & United Breweries to Asahi Group Holdings for $11.3-billion in enterprise value. As part of this transaction, AB InBev granted Asahi the rights to commercialise the... →

Commission sees benefits in SAB’s takeover of Smirnoff, Guinness products

By: Marleny Arnoldi 19th July 2019 The Competition Commission has recommended the Competition Tribunal to approve a transaction whereby South African Breweries (SAB) intends to acquire the rights to a range of products from Diageo South Africa. The Diageo brands in question include Smirnoff’s ready-to-drink (RTD) products namely... →

Pioneer’s shares rise on $1.7bn PepsiCo deal

By: Simone Liedtke 19th July 2019 JSE-listed Pioneer Foods’ share price rose by nearly 29% on Friday morning after the company announced the conclusion of an agreement with New York-headquartered PepsiCo, which plans to acquire all of the outstanding shares in Pioneer at R110 a share. The acquisition represents a 56% premium to... →

Electromagnetic prototype feeder cutting costs for clients

By: Halima Frost 19th July 2019 Last month, engineering consultants Vipro Vibrating Products announced the arrival of its first locally incepted light industry electromagnetic feeder prototype. The prototype feeder was incepted by Vipro in May through a collaborative effort by design and technical teams, and is currently in the... →

GOOD VIBRATIONS The electromagnetic feeder requires only one drive and is quieter than other drives on the market

Company mitigates challenges at Mozambique project

19th July 2019 An ambitious project timeline for the construction of beverage company Cervejas de Moçambique’s (CDM’s) new brewery, compounded by a late start to the project owing to external constraints, saw geotechnical specialist Franki Africa make an effort to ensure partial handovers of the foundations and... →

Tongaat CEO seeking to freeze payments on R11bn of debt

By: Bloomberg 16th July 2019 Tongaat Hulett is asking ten lenders for a break from payments on as much as R11-billion of debt so it can recover from the impact of having to restate accounts, according to CEO Gavin Hudson. The embattled South African sugar maker is spending about R1-billion a year servicing the borrowings and... →

Nestle finds new way to make chocolate without adding sugar

By: Bloomberg 16th July 2019 Nestle has found a way to create chocolate without adding any sugar, relying on leftover material from cocoa plants for sweetening as consumers look for natural and healthier fare. The food company is using a patented technique to turn the white pulp that covers cocoa beans into a powder that... →

FairPlay argues association’s reasons for supporting chicken import tariffs

By: Marleny Arnoldi 15th July 2019 Nonprofit trade movement FairPlay founder Francis Baird has reiterated the importance of curbing chicken imports into South Africa, stating that a reasonable imposed tariff will level the playing field in the domestic chicken market. This was in response to Emerging Black Importers and... →

AB InBev seeks plan B after investors bail on Asian IPO

By: Bloomberg 15th July 2019 Anheuser-Busch InBev's shares fell after the demise of a blockbuster initial public offering of the brewer’s Asian business, leaving the company in a bind. After reversing course on Friday over plans to sell a stake in the unit to raise as much as $9.8 billion, the Budweiser owner needs to find a... →

Astral confirms ammonia leak at Olifantsfontein abattoir

By: Simone Liedtke 12th July 2019 Poultry producer Astral Foods has confirmed that an ammonia leak occurred at the refrigeration plant at the company’s Festive abattoir, in Olifantsfontein, in the early hours of Friday morning. The Festive abattoir and neighbouring businesses were evacuated as a precaution. →

Sassda in transition, creates new membership structure

By: Cameron Mackay 5th July 2019 Owing to the varied benefits which companies obtain as members of the Southern Africa Stainless Steel Development Association (Sassda), the association has created a tiered membership structure. →

GROWTH FROM EXPORTS Growth in the mining, and food and beverage, sectors for stainless steel, led to consumption in South Africa increasing by 8.6% last year

Former Tongaat official scrutinised in echo of Steinhoff scandal

By: Bloomberg 27th June 2019 Tongaat Hulett said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended. A criminal case has been opened against the individual, Tongaat said, without... →

Astral Foods secures emergency water arrangement for Mpumalanga facility

By: Simone Liedtke 24th June 2019 Poultry producer Astral Foods has recently, with the assistance of a number of national government departments, secured an emergency arrangement with the Lekwa municipality as an interim measure to stave off the water crisis affecting its Goldi poultry processing facility in Standerton,... →

Libstar increases its competitiveness with new par-baked goods offering

By: Simone Liedtke 24th June 2019 Food and beverage producer Libstar Group has further increased its competitiveness by expanding its facilities to meet client requirements by converting a section of the group’s Amaro Foods facility, in Epping, into a par-bake facility. →

Vasari to invest $100m in African breweries

By: Marleny Arnoldi 21st June 2019 Alcoholic beverage investor Vasari Beverages has completed a $100-million capital raise to fund the expansion of its existing beverage operations in Ethiopia, as well as to pursue new acquisitions and greenfield development opportunities across Africa and Asia. Vasari, majority owned by CEO... →

AMIE calls on government to lead formulation of a national poultry strategy

By: Tasneem Bulbulia 14th June 2019 The right of South Africans to access a prime source of dietary protein must outweigh the factional interests of sectors of the poultry producing industry, the Association of Meat Importers and Exporters (AMIE) said on Friday, when it called on government to arbitrate in the brewing tariff battle... →

Nestlé launches R&D innovation challenge in South Africa

By: Tasneem Bulbulia 13th June 2019 Nestlé on Thursday launched a research and development (R&D) innovation challenge in South Africa as part of the company’s efforts to contribute to the local innovation ecosystem. Nestlé’s goal is to work collaboratively with startups and universities to identify sustainable and scalable science... →

Tongaat’s shares suspended amid ongoing review

By: Tasneem Bulbulia 10th June 2019 Trading in Tongaat Hulett’s shares on the JSE and LSE has been suspended at the request of the company. This is as a result of the previously announced delay in the publishing of the company’s financial statements and the continuing review into past financial practices and follows further... →

Dickon Hall Foods underpins Libstar’s strategy to mitigate tough customer landscape

6th June 2019 Food and Beverage company Libstar Group’s Dickon Hall Foods facility will allow the company to not just increase its customer relationship advantage but also allow it to develop additional channels. Simone Liedtke tells us more. →

Dickon Hall Foods underpins Libstar’s strategy to mitigate tough customer landscape.

Winetech Pitching Den entry deadline extended to June 28

By: Creamer Media Reporter 5th June 2019 Winetech and the South African Innovation Summit have extended the deadline for the Winetech Pitching Den entries to June 28. This is to enable more entrepreneurs to compete and showcase their agritech innovations to the South African wine industry. →

Valves supplier to launch new products

By: Mamaili Mamaila 31st May 2019 South African thermoplastic valves supplier Astore Keymak is engaged in research and development activities with its suppliers to launch new FIP industrial valves for chemical applications every second year. “For aggressive chemical applications, such as sulphuric acids and hydrochloric acids,... →

HIGHLY COMMITTED Astore Keymak remains committed to technology and solutions for the chemical, petrochemicals and industrial space

Impairments drive down Famous Brands’ headline earnings

By: Simone Liedtke 29th May 2019 Branded food services franchisor Famous Brands on Wednesday reported a basic loss a share of 480c for the year ended February 28, while basic headline earnings per share (HEPS) decreased to 319c . This decrease in HEPS was attributable to an impairment of R873.9-million, relating to the Gourmet... →

Famous Brands CEO Darren Hele

Lekwa municipality water supply problems hit Astral Foods poultry processing plant

By: African News Agency 28th May 2019 Integrated poultry producer Astral Foods said on Tuesday the water supply constraints stemming from the deterioration of infrastructure in the Lekwa municipality which supplies its processing plant in Standerton were having significant cost implications for the company. In its recently reported... →

Pumps manufacturer plans further growth after acquisition

By: Halima Frost 24th May 2019 Following the acquisition of South Korea-based sanitary pump manufacturer JEC Pumps, pump specialist Verder Pumps intends on proliferating its global reach over the next five years, predominantly in the medical and pharmaceuticals industry. JEC Pumps has a sizeable market share in the European... →

STICKY STUFF The JEC brand of pumps is not only hygienic but also capable of pumping a variety of viscous liquids

AB InBev sees Africa investment rising after $200m outlay

By: Bloomberg 23rd May 2019 Anheuser-Busch (AB) InBev sees further African investment after spending about $200-million on the continent since the world’s largest brewer bought SABMiller in 2016, according to CEO Carlos Brito. AB InBev, based in Leuven, Belgium, has invested the bulk of that money in South Africa and... →

Coca-Cola reformulates drinks following tax

By: African News Agency 23rd May 2019 Coca-Cola South Africa has cut the sugar in its drinks by a quarter (26%) since government introduced a tax on sugary drinks, according to Camilla Osborne, Head of Communications for Coca-Cola Southern and East Africa. On 1 April 2018, Treasury imposed a Health Promotion Levy of 2.1 cents per... →

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