Clover Industries partners with FUTURELIFE to launch new nutritional dairy drink

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…

Improvement initiatives push Clover’s revenue growth by 7.7%

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)…

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…