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Food & Beverage News

Tiger Brands delivers mixed interim results

By: Tasneem Bulbulia     22nd May 2019 JSE-listed Tiger Brands has delivered a mixed set of results for the six months ended March 31. During the period, the trading environment remained difficult, with continued pressure on 

Rhodes Food interim operating profit rises 6% to R173m

By: African News Agency      21st May 2019 Rhodes Food on Tuesday reported an improved performance for the six months to March, with operating profit up six% to R173-million while turnover increased by 9.3% to R2.7-billion. The Western Cape-based firm, which owns such brands as Rhodes, Bull Brand, Magpie, Squish, Bisto, Hinds and Pakco,... 

Pioneer achieves credible performance in a constrained local market

By: Tasneem Bulbulia     20th May 2019 JSE-listed Pioneer Foods recorded a credible topline performance for the six months ended March 31, in a considerably constrained local consumer market with consequent competitive pressures. Revenue grew by 11.5% year-on-year to R11.04-billion, while sales volumes were up 2.7% year-on-year. 

Coca-Cola ends plan to refranchise Africa bottling unit, keeps majority stake

By: Reuters     20th May 2019 Coca-Cola Co said on Monday it had dropped plans to refranchise its Africa bottling business, Coca-Cola Beverages Africa, and would instead keep its majority stake in the unit for the time being. The US beverage giant had wanted to refranchise the unit as part of its global plan to divest its... 

Inaugural event to highlight local manufacturing capabilities

By: Halima Frost     17th May 2019 The first Local Southern African Manufacturing Expo (LME), which aims to highlight the capabilities of local manufacturers and, subsequently the ability to export, will be held from May 21 to 23, 2019 at the Expo Centre Nasrec, in Johannesburg. The expo will be hosted by the South African Capital... 

Inaugural event to highlight local manufacturing capabilities
CENTRE OF ATTENTION The inaugural Local Southern African Manufacturing Expo is set to feature more than 130 exhibitors

Coca-Cola outlines its work on replenishing water in Africa

By: Kim Cloete     15th May 2019 Multinational beverage company Coca-Cola has outlined its efforts to replenish the water it uses through partnerships and projects across communities in Africa. “The company has made significant strides in improving its water use over the past ten years and recently announced that three-million... 

Court action suspended, parties agree on more transparency in chicken industry

By: African News Agency      15th May 2019 The Association of Meat Importers and Exporters (AMIE) and the South African Poultry Association (SAPA) have agreed to lift the veil of secrecy on "confidential" documents on which the protectionist application on chicken imports is based. In a statement in Wednesday AMIE, which had launched the... 

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... 

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

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... 

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

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... 

Class action summons issued against Tiger Brands

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... 

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

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... 

Projects in DRC keep local businesses afloat
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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 to come under renewed pressure from dumping, warns Land Bank

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

Coca-Cola facilitates health services delivery
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... 

TymeBank goes live  in Pick n Pay and Boxer stores
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... 

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