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Food & Beverage News

Dürsot Food Corporation opens R100m tomato processing plant

By: Anine Kilian     23rd May 2016 Eastern Trading Company, trading as Dürsot Food Corporation, the controlling shareholder of AH-Vest, which produces All Joy products, on Monday launched a R100-million tomato processing plant in Modjadjiskloof, Tzaneen, to meet rising demand for tomato paste in South Africa. South Africa was... 

Rhodes outperforms in H1 on organic, acquisitive growth

By: Natasha Odendaal     23rd May 2016 JSE-listed food producer Rhodes Food Group has more than doubled its earnings for the six months ended March 27, pushed up by strong organic growth and the integration of the acquisitions made over the past 12 months. Speaking at the group’s interim results presentation in Sandton on Monday, CEO... 

Rhodes outperforms in H1 on organic, acquisitive growth

EU eases black-spot rules on South African citrus destined for juicing

By: Terence Creamer     19th May 2016 The European Union (EU) has announced plans to partially relax citrus black spot (CBS) regulations on fruit exported from South Africa from June 1. The European Commission decided earlier this month that South African citrus exports destined exclusively for industrial processing into juice would... 

EU eases black-spot rules on South African citrus destined for juicing

SABMiller says underlying growth good, currency headwinds hit FY earnings

By: Natasha Odendaal     18th May 2016 JSE-listed SABMiller on Wednesday increased its dividend by 8% to 122c for the year ended March 31, as the group delivered “good results” for the financial year, despite currency volatility hitting the bottom line. For the year under review, revenue decreased 10% to $19.8-billion, with group net... 

SABMiller says underlying growth good, currency headwinds hit FY earnings

DTI urged to consult widely on new rail, agroprocessing incentives

By: Terence Creamer     17th May 2016 Trade and Industry Minister Dr Rob Davies reaffirmed on Tuesday that government planned to pursue an increasing number of sector-specific incentive schemes, with an initial focus on the creation of new incentives for the agroprocessing and railways industries. Speaking at a business briefing... 

DTI urged to consult widely on new rail, agroprocessing incentives

Famous Brands buys controlling stake in Mexican restaurant business

     16th May 2016 JSE-listed Famous Brands has acquired a 51% stake in recently launched Salsa Mexican Grill, a fast-casual dining concept centred on traditional Mexican food and beverages. The brand is currently represented by its maiden restaurant, in Fourways, Gauteng, with two further franchised outlets... 

Famous Brands buys controlling stake in Mexican restaurant business
Salsa Mexican Grill partners Thanasi and George Nicolopoulos

Hot weather, water shortages shrink 2016 wine grape crop by 6.7% y/y

     10th May 2016 Although abnormal heat and water shortages have impacted on the wine grape crop for this year, viticultural consultants VinPro still expect good wines from the 2016 harvest. VinPro, which represents some 3 500 South African wine producers and cellars, on Tuesday revealed that the wine grape crop... 

Hot weather, water shortages shrink 2016 wine grape crop by 6.7% y/y

Illovo to report lower FY earnings

     9th May 2016 JSE-listed Illovo Sugar expects to report a 29.8% decrease in earnings per share (EPS) to 125.9c for the year ended March 31, compared with the EPS of 179.4c recorded in the 2015 financial year. Headline earnings a share for the year under review were expected to be 36.5% lower-year-on-year at... 

Illovo to report lower FY earnings

Ebrahim Patel welcomes Coca-Cola merger deal

By: African News Agency      6th May 2016 Economic Development Minister, Ebrahim Patel, on Thursday welcomed commitments between the Coca-Cola Beverages Africa (CCBA) merger parties – SABMiller Plc, the Coca-Cola Company and Gutsche Family Investments – as well as the South African government. According to the Department of Economic... 

Ebrahim Patel welcomes Coca-Cola merger deal
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

Company to showcase equipment, processing technologies at Nampo

By: Nadine James     6th May 2016 Extrusion technology manufacturer CFAM Technologies will return to Nampo this year to exhibit its cost-saving food- and feed-processing technologies. CFAM director and North West University (NWU) Faculty of Engineering dean Professor LJ Grobler says the company will showcase its range of twin... 

Company to showcase equipment, processing technologies at Nampo
THE FUTURE OF FEED CFAM Technologies believes that their twin-screw extruders produce higher quality feed

Bidvest upbeat on FY prospects for foodservice operations

By: Anine Kilian     5th May 2016 JSE-listed Bidvest is expecting good results from its foodservice business for the financial year to June 30. In a management update on Thursday, the company said trading remained positive and activity levels across all markets were buoyant and that its foodservice operations had achieved a... 

Bidvest upbeat on FY prospects for foodservice operations

New chicken row brewing in South Africa 

By: News24Wire      4th May 2016 Following the concessions on US imports to South Africa in January this year, another chicken storm is brewing as local poultry producers face harsh punishment if they fail to comply with new brine limits. The poultry industry has six months to adjust to new maximum levels of brine, a fluid,... 

New chicken row brewing in South Africa

Tiger Brands expects higher H1 earnings

     3rd May 2016 Branded food, home and personal care products manufacturer Tiger Brands expects to report earnings per share (EPS) of between R10.23 and R10.65 for the six months ended March 31, a 23% to 28% improvement on the EPS of 832c reported for the six months to March 2015. Headline earnings per share... 

Rhodes Food sees up to 95% increase in earnings

By: African News Agency      3rd May 2016 Rhodes Food Group said on Tuesday that it expects an increase of 85% to 90% in headline earnings a share for the six months to the end of March. The producer of convenience foods in fresh, frozen and long-life formats expects earnings of between 49.4c and 50.7c, up from 26.7c in the previous... 

Rhodes Food sees up to 95% increase in earnings

AB InBev updates offer to divest SABMiller’s central, eastern European operations

By: Tracy Hancock     29th April 2016 Multinational brewing and beverage company AB InBev has submitted an updated package of commitments to the European Commission (EC) in which it has offered to divest the entirety of JSE-listed SABMiller’s businesses in central and eastern Europe. This was in addition to the agreed sale of Peroni,... 

AB InBev updates offer to divest SABMiller’s central, eastern European operations

New Transnet chief prioritising diversification as commodity ‘meltdown’ bites 

By: Terence Creamer     28th April 2016 State-owned freight logistics group Transnet is taking aim at new sectors, such as fast-moving consumer goods (FMCG) and manufacturing, as it seeks to sustain volumes amid the prevailing commodity “meltdown”. Speaking publically for the first since his appointment as permanent Transnet CEO,... 

New Transnet chief prioritising diversification as commodity ‘meltdown’ bites
Photo by Duane Daws
Transnet CEO Siyabonga Gama

Famous Brands buys 51% stake in KZN restaurant business

By: Creamer Media Reporter      25th April 2016 JSE-listed branded food services franchisor Famous Brands has bought a 51% interest in Italian restaurant business Lupa Osteria, which has three franchised restaurants in KwaZulu-Natal, for an undisclosed amount. “Over the past year, our stated strategy has been to explore and capitalise on... 

Famous Brands buys 51% stake in KZN restaurant business
Guy Gluver and Chris Black

Nestlé South Africa invests R1.2bn in KZN coffee plant

     19th April 2016 Nestlé South Africa has inaugurated its instant coffee manufacturing plant in Estcourt, in KwaZulu-Natal, after a R1.2-billion investment into the expansion of the factory. The investment formed part of the company's R2.9-billion foreign direct investment in the last five years. 

Nestlé South Africa invests R1.2bn in KZN coffee plant

Bidvest unbundles food services unit; BidCorp eyes May listing

By: Natasha Odendaal     14th April 2016 As international services, trading and distribution firm Bidvest worked to spin off its food services unit, the new Bid Corporation (BidCorp) planned to make its JSE debut on May 30. In a transaction valued at R2.8-billion, Bidvest planned to dispose of all of the shares in Bidvest Food Africa,... 

Bidvest unbundles food services unit; BidCorp eyes May listing
Photo by Duane Daws
BidCorp executive chairperson Brian Joffe

Illovo gets firm buyout offer from ABF

By: Natasha Odendaal     8th April 2016 Diversified international food, ingredients and retail group Associated British Foods (ABF) has made a firm offer to acquire all the shares in JSE-listed sugar producer Illovo Sugar it did not already own through its subsidiary ABF Overseas. A transaction implementation agreement inked on... 

Illovo gets firm buyout offer from ABF

Alternative energy systems boosting African industrial supply chains

By: Schalk Burger     8th April 2016 Alternative energy and storage systems are being used to make various portions of African industrial supply chains more effective and resilient, as well as control energy costs and production disruptions, says electrical equipment specialist firm Eaton alternative energy specialist Winfried... 

Black industrialists funding forum sifting through first 50 applications 

By: Terence Creamer     31st March 2016 South Africa’s black industrialists funding forum had its inaugural meeting in mid-March to consider 50 applications from aspirant black-owned manufacturing enterprises, Trade and Industry Minister Dr Rob Davies revealed this week. Speaking following a meeting with the Black Business Council... 

Black industrialists funding forum sifting through first 50 applications

Expected decline in sugar cane crop

By: Simon Sonnekus     25th March 2016 The drought in the eastern part of South Africa will lead to a projected decline in sugar production of 500 000 t, says South African Sugar Association (Sasa) executive director Trix Trikam. “The strategic crop, which is grown in Mpumalanga and KwaZulu-Natal, yields an average of 2.3-million tons... 

Expected decline in sugar cane crop
RAIN NEEDED Since November 2014 to date, producers have noted an average decrease of about 60% of the required rainfall

Corrosion cures for sugar cane industry

By: Simon Sonnekus     25th March 2016 Coatings manufacturer Kansai Plascon has reaffirmed its position in the sugar industry by providing holistic coating solutions that will prolong inevitable corrosion at sugar mills and refineries through implementing established specifications and seasoned systems. Kansai Plascon industrial and... 

Corrosion cures for  sugar cane industry
Photo by Bloomberg
FILM THICKNESS Plascon ensures that the dry film thickness of the coating meets client requirements, with a full inspection conducted after the application

Sugar mill focuses on skills development

     25th March 2016 South African sugar producer Illovo Sugar’s new technical academy located at the Eston sugar mill, in KwaZulu-Natal, will soon see large portions of the company’s agricultural, factory and management personnel attend a combination of intense in-classroom and on-the-job training to deliver... 

Sugar mill focuses on  skills development
Photo by Bloomberg
SKILLS DEVELOPMENT The academy also presents the opportunity to extend the company’s agricultural programmes

Sugar mill to bolster operations with broad upgrades

     25th March 2016 Durban-based sugar producer Umfolozi Sugar Mill have set its sights on producing a higher grade of sugar by introducing a new distributed control system (DCS) as well as upgrading several of its systems for the 2016/17 season. The company has invested in the multimillion-rand system from... 

Sugar mill to bolster operations with broad upgrades
Photo by Duane Daws
MORE SUGAR IN THE BAG Combined results of upgrade projects at Umfolozi Sugar Mill is expected to increase the overall recovery to an additional 600 t of sugar in the bag

5.7% decline in half-year revenue for sugar producer

     25th March 2016 Agriculture, agroprocessing and sugar producer Tongaat Hulett has noted a 5.7% decline in half-year revenue, generating an operating profit for the 2015/16 sugar season. The sugar season, which runs from April 1 to March 31 yearly has been beleaguered by drought during the current season which... 

5.7% decline in  half-year revenue  for sugar producer
Photo by Bloomberg
STRUGGLING MARKET Tongaat Hulett’s various sugar operations’ revenue totalled R5-billion up until September

Bittersweet report leads to prompt response from sugar company

     25th March 2016 A report regarding sustainability issues in sugar cane production by the independent, not-for-profit research and network organisation Centre for Research on Multinational Corporations (SOMO) has rapped the Malawian division of South African sugar producer Illovo over the knuckles over issues... 

Tribunal dismisses poultry 'merger' application

By: News24Wire      24th March 2016 The Competition Tribunal on Thursday dismissed with costs an application by Sovereign Foods regarding what it alleged to constitute a merger by its competitor Country Bird Group. Sovereign Foods is a producer of fresh and frozen chicken portions. Country Bird is a competitor and a direct and... 

Tribunal dismisses poultry 'merger' application

Nampak stronger after restructure

By: Natasha Odendaal     16th March 2016 JSE-listed beverage, food and nonperishable packaging manufacturer Nampak is now in a stronger position to leverage its manufacturing capacity and restructured portfolio to navigate challenging economic conditions in key markets. However, the company revised its capital expenditure (capex)... 

Nampak stronger after restructure

Improved operations brings glass operations back into profitability 

By: Creamer Media Reporter      10th March 2016 Packaging company Nampak invited media to its glass manufacturing facility earlier this month to highlight its improved operational efficiencies, which has taken its glass business from red to black in recent months. 

Improved operations brings glass operations back into profitability
Improved operations brings glass operations back into profitability

Western Cape calls for study on proposed halal industrial park sites 

By: Tracy Hancock     8th March 2016 The Western Cape government has called for tenders to deliver a detailed two-phase feasibility study for a halal industrial park, as part of Project Khulisa’s plan to grow the province’s halal industry and take advantage of the $2.3-trillion global industry. The study will include a full analysis... 

Western Cape calls for study on proposed halal industrial park sites
Photo by Duane Daws
Western Cape Economic Opportunities Minister Alan Winde

Starbucks reveals location of first two S African stores

By: Megan van Wyngaardt     3rd March 2016 US coffee company Starbucks will open its first two stores in Rosebank and the Mall of Africa, in Midrand, next month. “Taste [Holdings] has chosen two fantastic store locations to bring the first Starbucks to South Africa and we are so excited to get started,” Starbucks Europe, Middle East and... 

Starbucks reveals location of first two S African stores

Clover improves results, CEO expects milk supply shortage

By: Tracy Hancock     2nd March 2016 JSE-listed dairy products manufacturer Clover has reported improved results for the six months ended December 31, despite much higher national milk flow in South Africa last year, compared with the prior year periods, except for December. The company reported revenue of R5-billion, up 7.9% on the... 

Clover improves results, CEO expects milk supply shortage

AB InBev to sell SABMiller’s stake in China JV for $1.6bn

By: Megan van Wyngaardt     2nd March 2016 Beer maker Anheuser-Busch InBev (AB InBev), which is acquiring SABMiller, has entered into an agreement to sell the latter’s 49% interest in its Chinese joint venture (JV) China Resources Snow Breweries (CR Snow) to JV partner China Resources Beer (CRB) for $1.6-billion. The sales agreement was... 

AB InBev to sell SABMiller’s stake in China JV for $1.6bn
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