South Africa bans importation of possibly contaminated Zambian honey

SOUTH AFRICA - South Africa has banned importation of pure honey from Zambia after authorities detected possible contamination of a consignment with American Foulbrood (Paenibacillus larvae) disease, reports Lusaka Times. The ban, announced by the South African agriculture department through a letter to honey importers has elicited dissatisfactory observation from both the authorities and Zambian…

Shoprite’s Checkers launches Ready to Chef meal kits that makes cooking easier

SOUTH AFRICA - Checkers, a South African FMCG retailer owned by Shoprite has launched Ready to Chef meal kits aimed at making cooking at home much easier, a report by IOL reveals. The meal kits, first for South African retailers have been developed by chefs and each meal kit has fresh and locally-sourced ingredients, a…

Shoprite reports 3.8% drop in annual earnings attributed to inflations

SOUTH AFRICA - Leading supermarket chain and Africa’s largest grocer Shoprite has reported a 3.8% decline in annual earnings for the year ended June 30 showing a dwindling performance in its South African home market and the continent. Reuters reported that the company's drop in diluted headline earnings per share to 968.7c was mainly attributed…

Famous Brands sales grow 6.7% even as losses from UK’s GBK more than tripled

SOUTH AFRICA - Famous Brands, JSE listed and Africa's leading quick-service franchisor has reported 6.7% growth in sales despite a loss from Gourmet Burger Kitchen (GBK) which more than tripled in the UK, Business Day has reported. In its voluntary performance update issued on August 16, the casual dining restaurant chain said GBK would contribute…

Tiger Brands full-year profit fall by 37% after Listeriosis outbreak aftermath

SOUTH AFRICA - Tiger Brands Ltd., a South African packaged goods company, has said that its full-year profit fell as much as 37% after one of its plants was blamed for South Africa’s listeriosis outbreak. According to Bloomberg, the company shares dropped by 9.8%, the most since March 5, the day after the South African…

Sea Harvest expects 31% decline in profits hit by Viking buyout

SOUTH AFRICA - South African fishing company Sea Harvest expects interim basic earnings a share to decline by 31%, a slowdown attributed to the acquisition of rival Viking Fishing Holdings. For the six months ended June, basic earnings were expected to be between 46cents and 50c a share, a decrease of between 31% and 25%…

Coca-Cola Beverages SA appoints Flora Jika as new logistics director

SOUTH AFRICA - Coca-Cola Beverages South Africa (CCBSA) has appointed Flora Jika as the new logistics director after working with the company for almost ten years, Business Day has reported. Jika, a holder of master’s degree in industrial engineering from Wits University, joined CCBSA in 2008 after a four-year stint at Anglo American’s Witbank coalfields.…

Tongaat Hulett shareholders reject remuneration policy as CFO steps down

SOUTH AFRICA - The complementary sugarcane and maize feedstocks company, Tongaat Hulett’s shareholders have voted against a non-binding advisory resolution endorsing the company’s remuneration policy at its Annual General Meeting. Meanwhile, CFO Murray Munro who joined the group in 2003 has stepped down due to health reasons but will remain as an employee of the…

Clover shares grow on expected increase in headline earnings

SOUTH AFRICA - The branded foods and beverages group, Clover Industries said it expects its headline earnings a share to increase by between 207.13% and 227.13% for the year to June, IOL reports. Following the announcement, its share price jumped by 2.14 % to $1.36 a share, from the previous price of $1.33. The release…

Oceana Group eying offshore acquisitions as it looks to diversify operations

SOUTH AFRICA - Oceana Group, one of the largest fishing companies on the continent is eying acquisitions on other markets as it looks to diversify its operations out of South Africa, Business Day reports. In South Africa, the company is said to be limited to making big acquisitions prompting to turn to other regions for…