South Africa's RCL Foods to cut over 1,000 jobs
RCL Foods is to axe over 1,000 staff as the South African food group battles tough trading conditions in the country's poultry industry.
View ArticleNigeria looks to boost local dairy industry
The government of Nigeria has signed a memorandum of understanding with local dairy company L&Z Integrated Dairy Farms in a bid to "develop" the local dairy sector by modernising practices employed...
View ArticleBelgium's Puratos in South African bakery JV with Bidcorp
Belgian ingredients firm Puratos has agreed to form a joint venture with South Africa-based foodservice group Bidcorp to develop new products targeting opportunities in South Africa's baking industry.
View ArticleClover Industries targets value-added dairy with restructure
South African dairy group Clover Industries is restructuring its business to increase its focus on value-added categories and limit its exposure to commoditised products.
View ArticlePoulina, Casa Grains to build north Africa abbatoirs
Tunisia-based poultry company Poulina Group and Moroccan meat processor Casa Grains are to expand their production operations in their domestic markets.
View ArticleSouth Africa edible oil firms raided
Five edible oil companies operating in South Africa, including Singapore-based agri-food giant Wilmar International, have been raided as competition officials investigate claims of price-fixing.
View ArticleCherkizovo starts poultry meat exports to Angola
Russian meat group Cherkizovo has dispatched its first shipment of poultry meat to Angola.
View ArticleWillowton Group, Epic Foods deny involvement in South Africa edible oil 'cartel'
Two of the South African edible oil companies raided last week in an investigation into price-fixing allegations have denied they have taken part in anti-competitive activity.
View ArticleSouth African dairy group Clover Industries nears deal on olive firm Olive Pride
Clover Industries is closing on a deal that would see the South Africa-based dairy group invest in olive supplier Olive Pride.
View ArticleClover Industries takes stake in Olive Pride
South African dairy group Clover Industries today (16 January) confirmed it will take a 51% stake in local olive supplier Olive Pride.
View ArticleClover Industries forecasts fall in headline earnings
South African dairy group Clover Industries has forecast lower headline earnings for the six months to 30 December.
View ArticleGreen light for South Africa's Highveld Honey acquisition by Real Foods
Competition authorities in South Africa have approved the acquisition of national honey producer Highveld Honey by South African multi-brand food group Real Foods.
View ArticleClover Industries gives fresh detail on restructuring
Clover Industries, the South Africa-based food group, has published more details on its move to spin-off a business that sells its low-margin milk products.
View ArticleRCL Foods forecasts steep drop in H1 profits
RCL Foods, the South Africa-based poultry-to-peanut butter business, has warned its first-half earnings could fall by as much as 65%, hit by losses from its under-pressure chicken operations.
View ArticleSouth Africa's AVI sees food units grow profits in H1
South African consumer goods group AVI has reported a 12% rise in first-half revenues, with "contextually pleasing volume growth" across most of its grocery businesses.
View ArticleAstral Foods forecasts slide in H1 earnings
South African poultry processor Astral Foods has forecast a slump in first-half earnings, with the company continuing to suffer amid high commodity costs and pressure from imports.
View ArticlePioneer Food Group expects "year of two halves"
South Africa's Pioneer Food Group has revealed pressure on sales volumes "in a number of categories" but forecast an improved performance in the second half of its financial year.
View ArticlePodravka opens plant in Tanzania
Croatia-based food group Podravka has opened a factory in Tanzania, its first plant in Africa.
View ArticleTiger Brands sales up in "difficult" conditions
Tiger Brands has reported a 12% rise in turnover for the first four months of its financial year and in a trading environment the South Africa-based consumer goods group described as "difficult".
View ArticlePioneer Food Group forecasts drop in H1 earnings
South African food and drink maker Pioneer Food Group expects its earnings per share for the first half of its financial year to be up to 55% lower than a year earlier.
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