Competition Tribunal approves PepsiCo’s US$1.7bn takeover of Poineer Foods

SOUTH AFRICA – The US$1.7bn (R25.52bn) purchase of local food company Pioneer Foods by US giant PepsiCo has been given the go-ahead by the Competition Tribunal. The deal is one of the snack-food giant’s biggest […]

Competition Commission gives nod to PepsiCo’s takeover of Pioneer Foods

SOUTH AFRICA – The Competition Commission of South Africa has recommended the Competition Tribunal give the green light to the US$1.7 billion (R25.52bn) transaction that will see Simba, a PepsiCo subsidiary take over Pioneer Foods whose […]

Zeder shareholders to rip big upon completion of Pioneer Foods buyout

SOUTH AFRICA – Agribusiness and food-focused investment group Zeder expecting subdued value growth in the rest of its financial year, is set to return capital to shareholders and invest in new opportunities if the sale […]

Pioneer Foods reports 11.5% growth in half-year revenues to US$768.43m

SOUTH AFRICA – Pioneer Foods, South Africa’s largest food producer, has reported a 11.5% growth in revenues to US$768.43 million (R11.039bn) during its half year results for the period ended 31st March 2019. The company […]

South Africa’s Pioneer Foods reports 7.8% growth in turn over

SOUTH AFRICA – Pioneer Foods, a South African food and beverage company has reported a 7.8% increase in its turnover during the four months ended 31st January 2019 period reports Business Day. The packaged food […]

Private equity firm AEEI mulls increasing stake in Pioneer Foods

SOUTH AFRICA – African Empowerment Equity Investments (AEEI), which also controls Premier Fishing & Brands is considering acquiring a bigger stake at of South Africa’s consumer brand Pioneer Foods, reports Business Day. AEEI Chief Executive […]

Pioneer Foods earnings soar 47% as inflation curtails growth

SOUTH AFRICA – The South African packaged goods company, Pioneer Foods has reported that earnings per share increased 47% to 575c from 390c in 2017 even the company struggled to contain inflationary pressure driven by […]

Pioneer Foods investor Zeder posts 158% growth in earnings

SOUTH AFRICA – Agribusiness and food-focused investment group Zeder has posted 158% increase in recurring headline earnings per share to 9.8 cents due to strong recovery in earnings from most of its investee companies. Zeder […]