AFMASS Southern Africa edition

AFMASS Southern Africa is the food & beverage and milling industry’s premium conference and exhibition attended by key decision makers from Southern Africa Africa to trade, network and learn the latest processing, packaging and safety […]

Shoprite reports 18.2% decline in full year profits despite growth in sales

SOUTH AFRICA – Africa’s largest retail chain, Shoprite reported 18.2 percent decline in  full year net profit to US$ 273.12 million (R4.2bn) as the South African retailer struggled to lift sales in majority of the […]

Newly appointed Massmart CEO Mitchell Slape to assume office from September

SOUTH AFRICA – Massmart, Walmart owned South African retailer, has announced that the newly appointed chief executive Mitchell Slape will assume office from September 1, 2019. In May, Walmart announced it was sending in Slape, […]

Coca-Cola launches coffee infused cola drink in South Africa

SOUTH AFRICA – The Coca-Cola Company is introducing the first coffee infused cola drink the ‘Coca-Cola Plus Coffee’ in South Africa. Coca-Cola Plus Coffee infuses the taste of Coca-Cola with 100% Brazilian coffee bean powder […]

Botswanan retailer Choppies plans exit from South Africa market

SOUTH AFRICA – Botswana based retailer, Choppies Enterprises, has unveiled plans of exiting the South African market, a few years after expanding into the country. The retailer, which has been hit by operational turbulence in […]

Private equity firm Actis acquires stake in Denny Mushrooms owner Libstar

SOUTH AFRICA – Private equity firm Actis has acquired 37.02% stake in South Africa’s owner of the Denny Mushrooms brand Libstar Holdings held by Abraaj Private Equity Fund IV (APEF IV). Last month APEF IV, […]

Libstar to sell dairy and fruit drinks unit, sees double digit growth in half year earnings

SOUTH AFRICA – Libstar Holdings, a South African consumer goods company has announced that it has entered into a binding agreement to sell its non-core dairy-blend and fruit concentrate beverage operations, for an undisclosed amount. […]

Economic hardships swing South Africa’s Distell into US$52.15m write downs

SOUTH AFRICA – Distell, a South African based beverage manufacturer, has said that economic challenges in Angola and Zimbabwe have pushed the company into combined write-downs of US$ 52.15 million (R790.1m). The maker of Amarula, […]

African free-trade agreement to boost South Africa’s agric sector – Agbiz

SOUTH AFRICA – South Africa’s agricultural sector could receive a major boost when the African free-trade zone becomes operational in July 2020, the Agriculture Business Chamber (Agbiz) has said. According Agbiz, an organisation that represents […]

South African Breweries eyes the growing zero and low-alcohol beers market

SOUTH AFRICA – South African beer market is slowly taking up a growing global trend of consuming no- and low-alcohol beer (Nablab) categories, says South African Breweries (SAB). Zoleka Lisa, vice president for corporate affairs at […]