Africa’s wheat consumption grows as imports hit 47million tonnes

AFRICA – Africa’s grain consumption has over the past decade posted remarkable growth amid increasing demand propelled by the increasing population and changing consumer habits. According to a report by World Grain, wheat was among the major grains that recorded significant increase in consumption. Wheat imports in the continent increased to 47 million tonnes from…

South Africa’s Pioneer Foods reports 7.8% growth in turn over

SOUTH AFRICA – Pioneer Foods, a South African food and beverage company has reported a 7.8% increase in its turnover during the four months ended 31st January 2019 period reports Business Day. The packaged food company attributed the performance to the increased prices of bread prices, wheat flour, rice and export fruit in its operating…

South Africa’s Grand Parade exits Dunkin Donuts and Baskin Robins brands

SOUTH AFRICA – Grand Parade Investments (GPI), the Southern African franchise owner of US fast food chains Dunkin’ Donuts and Baskin-Robbins, announced the closure of the two brands operated outlets after the businesses continued to record poor performance. The group said it filed an application for voluntary liquidation of the two US chains after failing…

South Africa’s Chicken Bird Holdings to invest US$150m in Zimbabwe

ZIMBABWE – Chicken Bird Holdings (CBH), a South African poultry and feed company and KFC franchise, has committed to invest US$150 million in Zimbabwe’s poultry and agricultural sector. Chicken Birds’s Chief Executive Officer, Mr Marthinus, noted that the company will invest in chicken production and abattoirs as well as maize and soya bean production. “CBH…

South Africa’s poultry products firm Quantum Foods reports 13.6% decline in earnings

SOUTH AFRICA – Quantam Foods, a feed and poultry products firm in south Africa, recorded 13.6% decline in its egg business during the first four months to January 2019, reports Business Day. Compared to earnings in the corresponding period of the previous year, Quantam had posted a significant decline in earnings which it attributed to…

South Africa’s Tongaat Hulett appoints Rob Aitken as new CFO

SOUTH AFRICA – South Africa’s agri-business company, Tongaat Hulett, has announced the appointment of Rob Aitken as new permeant Chief Executive Officer (CFO) and executive director, effective March 2019, reports Business Report. Rob Aitken has been the acting CFO for the past six months since the departure of Murray Munro who resigned in August 2018.…

Technology firms partner in launching digital aquaponics to address malnutrition

SOUTH AFRICA – South Africa’s IT firm Matsei Technologies and Consulting has partnered IFS corporate in the launch of digital aquaponics farming solution aimed at addressing malnutrition in the country. The ‘smart agriculture’ initiative uses technology such as the Internet of Things, Enterprise Operational Intelligence and analytics to automate and monitor fish aquaponics operations in…

Vinpro projects decline in South Africa’s wine production

SOUTH AFRICA – Vinpro, a South African wine industry lobby organisation, said that wine production in the country is set to decline following the drought which has pushed down grape harvest. According to Anton Smuts, chairperson of Vinpro, this year harvests are expected to hit a thirteen year low following the radical decline in production…

Private Equity firm Agri-vie acquires 36.5% stake in Jumbo Brands

SOUTH AFRICA - Agri-Vie Fund II, a private equity fund and subsidiary of EXEO, has acquired a 36.5% stake in South Africa’s non-alcoholic beverage manufacturer, Jumbo brands. Avril Stassen, Senior Partner at EXEO Capital, revealed that the firm has been eying investments into the Fast Moving Consumer Goods industry for some time now. “The continued…