SOUTH AFRICA - Clover Industries Limited, the branded foods and beverages group has partnered with the South Africa’s functional food company FUTURELIFE to introduce Smart Drink, a nutritional dairy product to add to its portfolio of functional drinks. SMART DRINK is an enriched drink made of dairy and a combination of specialized starches (non-GMO), to…
SOUTH AFRICA - Clover S.A. Ltd, consumer goods and products producer reported 7.7% revenue growth to US$352.50 million in the six months to December, attributed to a series of efficiency improvement initiatives. The company’s operating profit shot up 14.8% to US$31.05 million, with headline earnings per share jumping 17.8%. Establishment of Dairy Farmers SA (DFSA)…
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 – Clover says headline earnings per share for the year to June are expected to be 50% to 65% down from 2016 as “stagnant and falling” selling prices and rising input costs are forcing it to make difficult decisions about long-term growth.
SOUTH AFRICA – Clover has wrapped up the restructuring of the company, a move CE Johann Vorster called the “most exciting change in the business” since the dairy company listed seven years ago.
SOUTH AFRICA – Clover has clarified its restructuring first announced in December, saying the price of raw milk will now be determined by the market.
SOUTH AFRICA – Clover has clarified its restructuring first announced in December, saying the price of raw milk will now be determined by the market.
SOUTH AFRICA – Clover Industries on Monday warned its shareholders that it was restructuring as it sought to limit its price exposure to the various cycles in supply and demand of raw milk.
SOUTH AFRICA – Clover Industries on Monday warned its shareholders that it was restructuring as it sought to limit its price exposure to the various cycles in supply and demand of raw milk.
SOUTH AFRICA – Clover’s acquisition of Nkunzi Milkyway has been approved by the Competition Commission, the maker of Tropika juice and condensed milk said on Wednesday.
