South Africa's AVI reports full-year revenue growth
South African food producer AVI grew its revenue by 8.2% in the year to the end of June, it has announced.
View ArticleClover Industries FD Elton Bosch to leave
South Africa-based dairy group Clover Industries has announced the departure of financial director Elton Bosch.
View ArticleSovereign Food Investments in mystery talks
Sovereign Food Investments is in unspecified talks the South Africa-based poultry group has said could have "a material effect" on the company's shares.
View ArticleSouth Africa's Sovereign Food Investments receives takeover bid from PE firm...
South African private-equity firm Capitalworks has moved to buy a controlling stake in Sovereign Food Investments, the local poultry group.
View ArticleArla extends its African footprint with new Ghana operation
European dairy giant Arla is adding another market to its Sub-Saharan Africa business region by establishing a new subsidiary in Ghana.
View ArticlePioneer Food Group CEO Phil Roux to be replaced by Tertius Carstens
Phil Roux, the chief executive of South Africa's Pioneer Food Group has announced his retirement.
View ArticleClover Industries profit warnings stack up as EPS forecast slashed
South African dairy group Clover Industries issued another profit warning and slashed its earnings per share guidance by as much as 41% citing a prolonged drought and volatility in the rand.
View ArticleClover Industries full-year EPS dives amid "constrained new reality"
South African dairy group Clover Industries reported a 44% slide in its full-year operating profit, citing "once-off'' impacts from a prolonged drought, a wetter and cooler summer and volatility in the...
View ArticleSouth Africa's AVI issues caution on macro trading outlook
South Africa's AVI Group has booked rising annual profits - but warned domestic trading conditions were likely to remain "difficult".
View ArticleAgDevCo invests in Malawi poultry operator Kapani
UK investment firm AgDevCo is providing US$1.8m in financing to Malawi poultry operator Food and Feeds Wholesalers to expand its cold chain infrastructure and build a modern processing unit.
View ArticleUnilever offloads spreads business in southern Africa
Unilever today (22 September) announced the sale of its spreads business in southern Africa.
View ArticleSovereign Food Investments takeover bid clears first threshold
The takeover bid for South Africa poultry processor Sovereign Food Investments has cleared the threshold on the level of shareholder acceptances.
View ArticleSovereign Food Investments shareholders vote to approve Capitalworks takeover
Shareholders in Sovereign Food Investments have approved the takeover of the South African poultry processor by private-equity firm Capitalworks following a 9 October vote on a ZAR907m (US$66.8m) cash...
View ArticleFinnish dairy co-op Valio wins South Africa export licence
Finnish dairy cooperative Valio has received approval to export to South Africa.
View ArticleSale of South Africa's Daybreak Farms gets green light
South African poultry producer Daybreak Farms has effectively been taken into public hands after its acquisition by fund manager Public Investment Company (PIC) was allowed.
View ArticleSouth Africa's Clover brings in Frantz Scheepers as new CFO
South African dairy products group Clover Industries has appointed a new chief financial officer in the shape of Frantz Scheepers.
View ArticleDomty to open new distribution centre in Rwanda
The board of Egypt-based Arabian Food Industries has approved establishing a new branch and distribution centre for the company in Rwanda.
View ArticleSouth Africa approves merger of Libstar and Sonnendal Dairies
South African holding company Libstar is to merge with Sonnendal Dairies in the Western Cape following approval by the country's competition watchdog.
View ArticleRhodes Food issues profit warning after "significant'' hit on international...
Rhodes Food Group, the South African producer of condiments to canned food, issued a profit warning after its international business had a "significant adverse'' effect on performance.
View ArticleTyson and ex-CEO Donnie Smith invests in African poultry business
Tyson Foods has invested in Buchan Ltd, the holding company of African poultry business Irvine's Group, in a transaction focusing on supplying day-old chicks to small-scale farmers in certain markets...
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