The food & beverage, milling & feed and hospitality & feed service industry conference and exhibition attended by key decision makers from Southern-Central Africa Africa to trade, network and learn the latest processing, packaging and safety technologies. The Zambian edition of AFMASS Conference and Expo is set for Lusaka, Zambia (October 3-5, 2018). More information…
SOUTH AFRICA - The South African packaged goods company Pioneer Foods expects half year operating profit to increase 44% while headline earnings to go up 32% despite of a decline in revenue. Sales volume increased, while some of its main brands recorded a higher market share, others remained fairly stable promising a better first-half performance…
SOUTH AFRICA - Pick n’ Pay, the second largest supermarket chain store in South Africa has reported almost 7% growth in net profit as a reward from cost-cutting programme and a steady 5% increase in sales, reported BusinessDay from a statement. “The group’s muted turnover growth reflects the pressure of an exceedingly challenging trading environment,…
SOUTH AFRICA - Zeder Investments Ltd., the South African company that focuses on agri, food and beverage sectors said its financial results for the year ended 28 February 2018 was impacted by challenging macro conditions. Most of its portfolio companies including Pioneer Foods, Capespan, Zaad and Agrivision Africa reported losses from the impact. According to…
ETHIOPIA - Bon Hotels, SA’s hotel management and hotel group has doubled its brand in Ethiopia following a partnership with Bahiru Abraham to open an 82-room hotel in the country. The hotel, expected to be operational in six months’ period, would be managed by the company which signed a 15-years management deal with Bahiru, a…
SOUTH AFRICA - South Africa’s beef imports for the year 2018 are estimated to remain relatively flat at about 45,000 tons, close to 2017 which saw a decline in domestic beef supplies due to a severe drought in the preceding years. USDA reported that possibility to grow imports was suppressed by low demand for beef.…
SOUTH AFRICA - The Listeriosis crisis has reportedly weighed down the country’s pork industry, producer prices having fallen 40%, resulting in rands accounted for losses by the pig farmers. The Listeriosis outbreak, claimed to have affected 945 patients and confirmed to have killed 176 people has led to the closure of several processing facilities including…
SOUTH AFRICA - Bowler Metcalf, manufacturer and seller of plastics and plastic moldings has completed the sale of its 41.38% stake in SoftBev, a company engaged in the production, bottling, and marketing non-alcoholic beverage products in South Africa. Upon the approval of the sale, Bowler’s share price finished 12.2% stronger at US$0.84 and that the…
SOUTH AFRICA - South Africa’s wheat imports tariff has declined by 45% to US$32.78 per tonne following a drop in international wheat prices, based on a report by the Agricultural Business Chamber (Agbiz). The reduction is a reprieve for millers such as Pioneer Foods, Godrich Flour Mills, Premier Foods Ltd and others who have been…
SOUTH AFRICA - Accor SA, the French multinational hotel group has expanded its reach into the African continent by acquiring a 50% stake in the South African- based Mantis Group, according to Business Report. Mantis group, traded under the name, Mantis Collection is an exclusive collection of privately owned, award-wining, star properties all around the…
