South Africa’s Bon Hotels doubles brand in Ethiopia

ETHIOPIA - Bon Hotels, SA’s hotel management and hotel group has doubled its brand in Ethiopia following a partnership with Bahiru Abraham to open an 82-room hotel in the country. The hotel, expected to be operational in six months’ period, would be managed by the company which signed a 15-years management deal with Bahiru, a…

South Africa’s beef imports to remain flat as production to increase 4%

SOUTH AFRICA - South Africa’s beef imports for the year 2018 are estimated to remain relatively flat at about 45,000 tons, close to 2017 which saw a decline in domestic beef supplies due to a severe drought in the preceding years. USDA reported that possibility to grow imports was suppressed by low demand for beef.…

Listeriosis crisis plunge the pork industry with 40% fall in producer prices

SOUTH AFRICA - The Listeriosis crisis has reportedly weighed down the country’s pork industry, producer prices having fallen 40%, resulting in rands accounted for losses by the pig farmers. The Listeriosis outbreak, claimed to have affected 945 patients and confirmed to have killed 176 people has led to the closure of several processing facilities including…

Packaging specialist Bowler Metcalf sales its 41.38% stake in SoftBev

SOUTH AFRICA - Bowler Metcalf, manufacturer and seller of plastics and plastic moldings has completed the sale of its 41.38% stake in SoftBev, a company engaged in the production, bottling, and marketing non-alcoholic beverage products in South Africa. Upon the approval of the sale, Bowler’s share price finished 12.2% stronger at US$0.84 and that the…

South Africa reduces wheat import tariff by 45% in March

SOUTH AFRICA - South Africa’s wheat imports tariff has declined by 45% to US$32.78 per tonne following a drop in international wheat prices, based on a report by the Agricultural Business Chamber (Agbiz). The reduction is a reprieve for millers such as Pioneer Foods, Godrich Flour Mills, Premier Foods Ltd and others who have been…

Accor SA acquires 50% stake in Mantis Group to expand into African hotel market

SOUTH AFRICA - Accor SA, the French multinational hotel group has expanded its reach into the African continent by acquiring a 50% stake in the South African- based Mantis Group, according to Business Report. Mantis group, traded under the name, Mantis Collection is an exclusive collection of privately owned, award-wining, star properties all around the…

Rwanda ban on fruits from SA remains on issues around Listeria

RWANDA - Rwanda’s ban on fruits and other agric produce imported from South Africa remains standing until South Africa confirms that it has been able to control the listeriosis spread that has claimed 180 lives, report New Times. While Rwanda produces avocado, tree tomato, banana, passion fruits, mango, oranges, most of its apples are imported…

Shoprite’s CFO Marius Bosman to resign in July

SOUTH AFRICA - Shoprite’s Chief Financial Officer Marius Bosman will be stepping down from his position in July, after the retailer completes its financial accounts for the year ending June, reports Business Day. He will however remain as a consultant, according to the market announcement by the firm, as he has served for as long…

South Africa’s oilseed production set to hit a record high of 2.4m tonnes

SOUTH AFRICA - South Africa’s oilseeds production is forecast to hit a record high of 2.4m tonnes with increased utilization of soybeans and sunflower seeds likely to affect oilseed meal imports that could drop by 14% to 480,000 tons. This is particularly driven by increased soybean plantings, with post forecasts by USDA that a record…