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Tiger Brands’ shares fall on lower FY18 earnings expectations

By: Simone Liedtke     16th August 2018 JSE-listed Tiger Brands’ share price fell by nearly 9.8% on Thursday morning after it announced that its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year to end September 30 are likely to decrease by 22% to 37% year-on-year. It reported EPS of R19.15 and HEPS... 

Tiger Brands class action lawsuits combined into one certification application

By: Marleny Arnoldi     14th August 2018 The attorneys acting on behalf of the different applicants in two separate listeriosis class action lawsuits against Tiger Brands over the listeriosis outbreak have agreed to combine the lawsuits into a single certification application. Tiger Brands on Tuesday said its legal representatives... 

Sars appoints acting finance chief to permanent position

By: Schalk Burger     7th August 2018 The South African Revenue Service (Sars) has appointed Johnstone Makhubu as its chief officer: finance with immediate effect. He had been the acting chief financial officer since August 2017. 

Entrenched player furthers provincial presence

By: Tasneem Bulbulia     20th July 2018 Plastic conveyor components manufacturer IRP Engineering Plastics (IRP) continues to invest in innovation and the development of its product range to continue offering market leading solutions to the food, beverage, packaging and materials handling industries in and around KwaZulu-Natal, IRP MD... 

First African company announces science-based greenhouse gas target

By: African News Agency      19th July 2018 Emira Property Fund has become the first African and South African company to have a greenhouse gas emissions target approved by the Science Based Targets initiative (SBTi). The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World... 

African Swine Fever outbreak reported in South Africa

By: Reuters     31st May 2018 African Swine Fever (ASF), a severe haemorrhagic disease of pigs, has been reported in South Africa's Northern Cape Province, the department of agriculture said on Thursday. The new blow to South Africa's pork industry comes as prices tumble after a Listeria outbreak that has killed more than 200... 

Libstar lists on JSE

By: Marleny Arnoldi     9th May 2018 Consumer packaged goods producer and supplier Libstar on Wednesday started trading on the main board of the JSE, in the food products sector.  

Jonas, Tshabalala join MTN board

By: Natasha Odendaal     7th May 2018 Former Deputy Finance Minister Mcebisi Jonas and consulting and investment holding company Barbican Advisory Group executive director Bajabulile Tshabalala will join the board of telecommunications heavyweight MTN as nonexecutive directors, effective June 1. Tshabalala and Jonas bring extensive... 

Tests confirm deadly listeria strain at South Africa's Tiger Brands' plant

By: Reuters     26th April 2018 Tiger Brands, which faces two class action lawsuits over a listeria outbreak that has killed 180 people, said results from an independent laboratory confirmed the presence of the deadly listeria strain in one of its food factories. The government, which has been criticised for taking too long to... 

Listeriosis shows fragility of township economy

By: Sydney Majoko     6th April 2018 When the impact of the listeriosis outbreak is eventually analysed, it is quite possible that the township economy will be mentioned only as a footnote in official reports. Even though the actual cause of the deadly outbreak was discovered when children were admitted to Chris Hani Baragwanath... 

Consol to relist on JSE; Ethiopia factory set for Q4 commissioning

By: Simone Liedtke     5th April 2018 South African glass packaging manufacturer Consol plans to relist on the main board of the JSE. It was listed on the JSE until 2007, when it was taken private by a consortium of private equity investors, led by Brait Private Equity and which included Old Mutual Private Equity, Sanlam Private... 

Listeria class action filed against South Africa's Tiger Brands

By: Reuters     29th March 2018 A class action lawsuit was filed on Thursday against South Africa's Tiger Brands, after one of its food factories was linked to a listeria outbreak that has killed 180 people since early 2017, the lawyer running the case said. Richard Spoor, a human rights advocate who previously masterminded a... 

Growthpoint sees Gauteng East Rand as hotspot for industrial properties

By: Simone Liedtke     20th March 2018 Growthpoint sees Gauteng East Rand as hotspot for industrial properties Gauteng’s East Rand was a hotspot for industrial property leasing in 2017, says Growthpoint Properties, which concluded 70 deals – 40 new and 30 renewals – in the area during the year. 

Tiger Brands flags loss at meat unit after listeria outbreak

By: Reuters     19th March 2018 South Africa's Tiger Brands said on Monday it expected its meat products unit to record a monthly loss of up to R33-million ($3-million) after it suspended operations at four sites over a listeria outbreak that has killed 180 people in 14 months. Health authorities ordered a recall of processed... 

Deadly listeria could herald tighter food safety rules in South Africa

By: Reuters     16th March 2018 A huge and deadly outbreak of listeria in South Africa could alter the country's approach to food-borne disease and prompt improvements in food safety standards, a leading health official said on Friday. The World Health Organization's (WHO's)top specialist on global food safety likened the South... 

South African rights lawyer plans listeria class action against Tiger Brands

By: Reuters     12th March 2018 A human rights lawyer plans to launch a class action lawsuit against South African food producer Tiger Brands on behalf of the families of people who died and those affected by the worst listeria outbreak in history. South Africa's health minister said on Thursday the government would support... 

We will ensure it does not happen again – Tiger Brands 

By: African News Agency      9th March 2018 Tiger Brands, the South African food manufacturer at the centre of one of the worst food-borne disease outbreaks the country has seen, said on Friday that it was doing everything it can to get to the root cause of the listeria bacteria found in its food production plant in Polokwane, Limpopo.... 

Poultry association says concerned about imported chicken paste

By: African News Agency      9th March 2018 South Africa's poultry producers association said on Friday it was concerned that the country was accepting imports of untested mechanically deboned meat (MDM) into the country even as its neighbours blocked its own processed meat products over a listeriosis outbreak. The association said reports... 

Tiger Brands CEO says no link between listeria deaths and firm's products

By: Reuters     5th March 2018 The chief executive of Tiger Brands said on Monday there was no direct link between the deaths of more than 180 people who tested positive for listeria and its processed cold meat products. Lawrence McDougall also told a news conference the company had not yet worked out the financial impact of... 

Enterprise Foods to recall affected products, but conducting own listeriosis tests

By: News24Wire      5th March 2018 Tiger Brands, on behalf of its division Enterprise Foods, has committed to recalling products that are identified with listeriosis outbreak, but are conducting its own tests as well. This follows an announcement by Health Minister Aaron Motsoaledi and the National Institute of Communicable... 

Slow start to year to impact on Tiger Brands’ FY18 performance

By: Creamer Media Reporter      21st February 2018 JSE-listed Tiger Brands’ shares fell by 9% on Wednesday morning after the company announced that its revenue for the four months to January 31 had decreased by 5% year-on-year, driven by price deflation of 1% and volume declines of 4%. In a voluntary trading update to the market, the company... 

Tribunal confirms R4.35m settlement with Godrich Flour Mills

By: Anine Kilian     31st October 2017 The Competition Tribunal has confirmed a settlement agreement with Godrich Flour Mills for price fixing in the market for milled white maize products. Godrich has agreed to pay R4.35-million for participating in a cartel that colluded with other maize milling firms to fix the price of milled... 

Tribunal approves Pride Milling’s R10.62m price-fixing settlement

By: Anine Kilian     28th September 2017 The Competition Tribunal has confirmed a R10.62-million settlement agreement with Pride Milling for price fixing in the market for milled white maize products.   The Competition Commission had initiated a complaint against Tiger Brands, Pioneer Foods, Foodcorp, Pride Milling and Progress Milling... 

JSE censures prominent businessman Bheki Sibiya

By: African News Agency      1st September 2017 The Johannesburg Stock Exchange (JSE) on Friday censured prominent businessman Bhekokuhle Sibiya in his capacity as a lead independent director of technology firm, Alviva Holdings, after he was found in breach of the JSE Listing Requirements.  The JSE said Sibiya sold a total of 38 925 Alviva... 

Tiger Brands interim profits up as prices increase

By: Megan van Wyngaardt     25th May 2017 JSE-listed fast-moving consumer goods manufacturer Tiger Brands on Thursday reported a 10% increase in its operating income from continuing operations to R2.2-billion for the six months ended March 31, driven by higher pricing. Operating income in the domestic business grew by 15% to R2-billion,... 

Dawn appoints new CFO

By: Megan van Wyngaardt     18th April 2017 JSE-listed Distribution and Warehousing Network, or Dawn, has appointed Chris Booyens as its CFO and FD, effective May 1. A qualified chartered accountant, Booyens has several years’ experience in the building industry as Iliad Africa group FD. He also previously served as financial executive and... 

Laser-coding guide dispels misconceptions, enhances technology

By: Tasneem Bulbulia     14th April 2017 Global coding and marking specialist solutions provider Markem-Imaje, represented in Southern Africa by product identification solutions provider Pyrotec, has produced a guide focusing on laser-coding technology that aims to help manufacturers meet the technical challenges commonly encountered on... 

Commission welcomes Tribunal’s settlement agreement confirmation for Blinkwater

By: Creamer Media Reporter      17th March 2017 The Competition Tribunal has confirmed a R10.1-million price-fixing settlement agreement between Mpumalanga-based maize milling firm Blinkwater Mills and the Competition Commission, to be paid in three instalments within a year. Blinkwater has agreed to pay the fine, representing 5% of its 2007... 

Tiger Brands appoints new grains business executive

By: Natasha Odendaal     13th January 2017 JSE-listed Tiger Brands has appointed former GWK Group CEO Pieter Spies as its business executive for grains, effective February 1. Spies has worked in sales, logistics, commercial and general management for a number of local and international companies, including Cadbury, Coca-Cola, Diageo and... 

Leakage system provides solutions in Johannesburg

By: Simon Sonnekus     13th May 2016 Water-leak detection and control systems provider AquaTrip South Africa has reasserted its focus on conserving water with the installation of its electronic valve, which monitors water flow at schools across Johannesburg. The Brisbane-based company has a regional office in Stellenbosch, in the... 

Tiger Brands to sell stake in Nigerian unit to Dangote Industries

By: Reuters     14th December 2015 South Africa's Tiger Brands said it would sell its 65.7% stake in its loss-making Nigerian division to Dangote Industries Limited for $1. Tiger Brands, South Africa's biggest consumer foods maker, said Dangote Industries will give Tiger Brands an immediate cash injection of R700-million. 

Tiger pulls back on funding to Nigerian arm, posts solid domestic results

By: Tracy Hancock     19th November 2015 JSE-listed Tiger Brands has recorded a solid performance for the year ended September 30, driven by its core South African businesses, but this has been diminished by its international interests, such as its Nigerian business Tiger Branded Consumer Goods (TBCG), formerly Dangote Flour Mills. The... 

New tenant signs up for R55m Cape Town industrial park

By: Sashnee Moodley     22nd May 2015 JSE-listed Growthpoint Properties has secured packaged goods company Tiger Brands’ milling logistics division as a tenant to its new R55-million Range Industrial Park development in Blackheath, Cape Town.  

Agribusiness push continues as govt seeks to bolster economic growth, job creation

By: Tracy Hancock     27th March 2015 Government continues to stress the importance of the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements in an economy that fell short of its growth target in 2014, achieving only 1.5%, after initially being... 

Agribusiness push continues as govt seeks to bolster economic growth, job creation

By: Tracy Hancock     27th March 2015 In 2015, government continues to stress the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements, in an economy that fell short of its growth target in 2014, achieving 1.5%, after initially being forecast to... 

Sassda honours local stainless steel fabricators at gala event

27th February 2015 The Southern Africa Stainless Steel Development Association (Sassda) in November announced the winners of the 2014 Stainless Steel Awards at a gala banquet held at the Indaba Hotel in Fourways, Johannesburg. “We have seen some of the strongest entries in several years for the 2014 Stainless Steel... 

Tiger Brands turnover increases 7%, but tough trading conditions persist

By: Tracy Hancock     10th February 2015 JSE-listed packaged goods company Tiger Brands has increased its turnover for the first quarter ended December 31, 2014, to R8.2-billion, a 7% increase compared with the corresponding period of the prior year, despite facing difficult times, which are expected to continue. “There is nothing that... 

Tiger gets Nigeria subsidiary under control, expects improvement

By: Natasha Odendaal     19th November 2014 JSE-listed food products manufacturer Tiger Brands on Wednesday said it had progressed turnaround initiatives at its flailing Nigerian subsidiary; however, Dangote Flour Mills (DFM) was only expected to break into positive financial territory two years from now. After admitting earlier this year... 

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