SOUTH AFRICA – Africa’s retail giant Shoprite has reported a 7% growth in the group’s total sales to approximately R81.2bn (US$5.62b) in its half-year financial performance ending December 2019. The growth was driven its South […]
GHANA – Consumer goods giant, Unilever Ghana Plc has reported weaker revenue in the third quarter of 2019 compared to same period last year. According to the firm’s financial statements, revenue generated in 2019 quarter […]
ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef reported a rise in full-year profit despite variations in the Kwacha contributing to a mixed revenue picture in what the food producer described as […]
KENYA – Williamson Tea Kenya and one of its associate farms, Kapchorua Tea Kenya narrowed their losses in the half year ended September and issued pessimistic forecasts for the full year ending March 2020. According […]
ZIMBABWE – Zimbabwe’s largest seed producer, Seed Co Limited has reported a loss of US$2.5 million for the half year period to September 30, 2019, from US$1.5 million recorded during the same period in the […]
SOUTH AFRICA – Africa’s largest packaging manufacturer, Nampak, reported a loss of R390m down 132% compared to last year’s profit of R1.2bn (US$81.3m), according to its annual financial results for the year ended September 30, […]
SOUTH AFRICA – Tiger Brands, JSE listed packaged food processor has reported a 17% decline in its headline earnings per share for the year ended 30 September 2019 to 1 349c, compared to 1 633c […]
SOUTH AFRICA – The Rhodes Food Group, South Africa’s leading manufacturer of canned fruit, jams and canned meat, upped its operating profit by 24.9% to R392.2m (US$26.4m) and headline earnings by 38% for the year […]
SOUTH AFRICA – Food and drinks company Pioneer Food Group Ltd reported a 15% fall in earnings to R910m (US$61.7m) in the year ended September 2019, amid a difficult trading environment characterised by rising maize […]
NIGERIA – Anheuser-Busch InBev (AB InBev) the parent company of International breweries has injected N123bn (US$339m) into the breweries operations, committing to participate fully in the new capital raising exercise. This follows the approval by […]
