Wheat Breeding Platform launched to improve yields

SOUTH AFRICA - The national Wheat Breeding Platform (WBP) has been launched by the Minister of Science and Technology, Naledi Pandor and with Stellenbosch University's Plant Breeding Laboratory (SU-PBL) as a key partner which aims to increase yields and boost the profitability of wheat produced in South Africa. The WBP draws on expertise from the private and…

Pioneer Foods to acquire full ownership of Heinz Foods South Africa

SOUTH AFRICA – Leading South African food group, Pioneer Foods has that announced it will acquire the outstanding 50.1% in the joint venture with a subsidiary of the Kraft Heinz Company in the country. The company will take the portion of Heinz SA Proprietary Ltd that it did not already own, with the tomato ketchup…

Ed’s Diner brand to be rolled out in South Africa

SOUTH AFRICA - Small fast-food and restaurant franchise company Gold Brands International (GBI) has acquired a joint venture for an undisclosed sum to secure exclusive rights to roll out the Ed’s Diner brand in SA. Gold Brands said on Tuesday the deal followed a 2016 decision to contest the gourmet burger market. It had reviewed…

Afgri invests in Mozambican poultry business

SOUTH AFRICA - Agricultural investment company Afgri is re-entering the poultry business through its subsidiary Philafrica Foods in a 50-50 joint venture in northern Mozambique. The recently launched Philafrica has earmarked up to R1.5bn for investment in agriculture and food processing in several African countries over the next 18 to 24 months. Its joint-venture partner…

SA citrus industry suspends exports to the EU, with exceptions

SOUTH AFRICA – South Africa has suspended exports of citrus to the EU following the detection of black spot. This comes at a time when the country’s agricultural sector is dealing with the fallout from a prolonged drought. The Western Cape, which produces more than 50% of SA’s agricultural exports, has been particularly hard hit.…

Famous Brands blames economic crunch for casual dining slide

SOUTH AFRICA - Not even Tashas regulars have been immune to SA’s economic crunch. Releasing interim results on Monday, Famous Brands’s research showed that customers visited casual dining and quick-service restaurants 16% less frequently than a year ago as footfall through SA’s malls has dwindled. Casual dining — through its Tashas, Mythos, Turn n Tender…

AB InBev profits surge 50% as SABMiller boosts operations

BELGIUM – The world’s leading brewery, AB InBev has reported a robust growth in its nine-month financials for the period ending September 30 2017, boosted by the former SABMiller operations in key emerging markets and premiumisation efforts. The brewer, which has been incorporating SABMiller’s business in its operations following its acquisition of its number two…

Dairy producer Clover appoints Frantz Scheepers as CFO

SOUTH AFRICA - Frantz Scheepers has been appointed the new CFO of Clover Industries, replacing 2017 CFO Awards nominee, Elton Bosch. Starting 1 November, for two months, Scheepers will act as the CFO designate, working closely with Bosch to ensure a smooth transition. He will then formally take over as CFO, effective 1 January, also…

South Africa honey could fetch US$1.5 billion turnover

SOUTH AFRICA - A structural approach and strategic business model could see South Africa's honey industry turnover reach R20bn (US$1.5 billion), according to experts. Rishad Ahmed, project funding expert and specialist from Incentives SA said the inclusion of various industry stakeholders in a combined effort could aid in the growth of the industry. The local…