Tiger Brands to quit Kenya
Tiger Brands, the South Africa-based consumer goods group, is to sell its 51% stake in a venture in Kenya, marking the end of its interest in the country.
View ArticleBell sees earnings growth but margins squeezed
Swiss meat group Bell Group reported higher earnings for 2016, despite an intensifying competitive environment at home and pressure on margins from raw material costs.
View ArticleBell books earnings growth but margins squeezed
Swiss meat group Bell Group reported higher earnings for 2016, despite an intensifying competitive environment at home and pressure on margins from raw material costs.
View ArticleRCL Foods warns of muted demand as profits fall
RCL Foods, the South Africa-based poultry-to-peanut butter business, warned demand would remain "constrained" as it confirmed the fall in half-year profits it forecast earlier in the month.
View ArticleClover Industries profit and sales volume under pressure
South African food group Clover Industries has seen its profitability come under pressure from drought conditions, weak consumer sentiment and currency "volatility".
View ArticleUnilever, Sime Darby accused of collusion in South Africa
Unilever is facing a fine in South Africa for alleged collusion in the manufacture and supply of edible oils and margarine to wholesale and retail customers in the country.
View ArticleSime Darby facing "no further action" over South Africa collusion claim with...
Antitrust authorities in South Africa have said there is no further action to be taken against fats and oil supplier Sime Darby, over its activities involving alleged collusion with Unilever in the...
View ArticleSouth Africa's Sea Harvest plans IPO to boost investment
South African seafood group Sea Harvest said it plans to list on the Johannesburg Stock Exchange by the end of this month - and use the proceeds of up to ZAR1.5bn (US$115m) to repay debt and boost...
View ArticlePioneer Food Group confirms talks over "material transaction"
South Africa's Pioneer Food Group told shareholders today (7 March) it is in talks about a "material transaction" which, if implemented, "may have an effect on the share price of the company".
View ArticleRhodes Food Group conditionally cleared to acquire South African peer Pakco
The planned takeover by South Africa's Rhodes Food Group of local spices and condiments business Pakco has been given a conditional green light by competition authorities.
View ArticleSouth Africa's Country Bird Holdings threatens to close poultry abbatoir
Country Bird Holdings, the South African poultry processor, has warned it will shut one of its three abbatoirs in the country if the government does not provide the industry with support amid the...
View ArticleFood market news of the week: push for pan-EU nutrition labels, BRF CFO...
Six of the industry's major names raised eyebrows this week with a push to introduce "harmonised" nutrition labels in the EU. Meanwhile, one of the six, Nestle, separately announced a series of "2020...
View ArticleFood market quotes of the week - EU labels push, Country Bird Holdings...
Companies including Nestle and Mondelez International this week set out on a bid to bring in "harmonised" nutrition labels in the EU. The CEO of South African poultry processor told just-food the...
View ArticleFood market news of the week - cocoa sector deforestation pledge, Ferrero...
Nestle, Mondelez International and Hershey were this week among the companies to pledge to tackle the deforestation seen in the cocoa supply chain. It was a busy week on our M&A pages, including a...
View ArticleNestle, Mondelez, Hershey pledge to tackle deforestation in cocoa
Twelve chocolate and cocoa companies, including Nestle, Mondelez International, Hershey today (16 March) announced plans to work together to "end deforestation and forest degradation in the global...
View ArticleEdible oil firms Wilmar, Willowton fail to block South Africa cartel probe
Two of five edible oil companies operating in South Africa at the centre of price-fixing allegations have failed in their attempts to block investigations by anti-trust authorities.
View ArticleSouth Africa fresh produce agents raided in "cartel" probe
South Africa's Competition Commission raided the premises of nine fresh produce market agents in the country today (23 March) as part of a probe into suspected price fixing.
View ArticleWhat could the chocolate industry's plan to end deforestation look like? -...
Twelve chocolate and cocoa companies, including Nestle, Mondelez International, Hershey last week announced plans to work together to "end deforestation and forest degradation in the global cocoa...
View ArticleDanone plays down Brookside Tanzania buy-out talk
Danone said today (31 March) it no plans to add to its investment in Brookside despite reports the French giant is looking to buy the African dairy group's assets in Tanzania.
View ArticleOlam opens expanded Nutrifoods Ghana biscuits plant
Nutrifoods Ghana, Singapore-based Olam International's majority-owned venture in the African state, has opened an expanded biscuit production facility in the city of Tema.
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