Nampak finalizes sale of its glass business to Isanti Glass 1

SOUTH AFRICA – Africa’s largest diversified packaging manufacturer, Nampak has announced the completion of sale of its glass packaging business. In September 2019, Nampak announced its intention to sell Nampak Glass – which manufactures beer, […]

PZ Cussons to sell its Nigerian dairy business to FrieslandCampina WAMCO

NIGERIA – UK-based consumer products company, PZ Cussons has reached an agreement to divest its Nigerian dairy business, Nutricima to Holland’s Royal FrieslandCampina Nigerian subsidiary, for an undisclosed sum. PZ Cussons said in a statement […]

Taste Holdings to liquidate Domino’s after failure to dispose the pizza business

SOUTH AFRICA – South Africa’s Taste Holdings, shifting its focus from fast foods to luxury goods, is liquidating the subsidiary that holds the licence for Domino’s SA after failing to find a buyer for the […]

Tongaat Hullet offloads starch business for US$342.6m in debt recovery efforts

SOUTH AFRICA – Tongaat Hulett is offloading its 100-year-old starch business to the subsidiary of logistics company Barloworld for R5.35billion (US$342.6m) in an effort to reduce its debt and cover on-going operations. This comes as […]

The Competition Tribunal of South Africa approves the sale of Nampak’s glass business

SOUTH AFRICA – The Competition Tribunal of South Africa has approved the sale of the glass business of Africa’s largest diversified packaging manufacturer, Nampak pegging certain conditions to be fulfilled. Conditions imposed by the tribunal […]

SA’s Grand Parade to sell Burger King franchise to Emerging Capital Partners

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in South Africa is set to sell its 95.36 percent stake in Burger King franchise and all of Grand Foods Meat […]

Nestlé divests its water business in Ethiopia under global water business restructuring

ETHIOPIA – Nestlé Water Ethiopia, a wing of the Swiss multinational company, has sold back all its 51% share in Great Abyssinia Spring Waters after three years of partnership, exiting the water business in Ethiopia. […]

Tongaat Hulett to sell its starch division as part of debt recovery plan

SOUTH AFRICA – Sugar producer, Tongaat Hulett has entered into negotiations for the potential sale of its starch division as it grapples to reduce its huge debt. The talks come after Tongaat had committed itself […]

Sime Darby Plantation offloads its Liberian oil palm business unit

LIBERIA – Sime Darby Plantation (SDP), a Malaysian oil palm planation company has completed the sale of its entire 100% equity interest in its palm oil concession in Liberia, Sime Darby Plantation Liberia Inc. (SDPL) […]