AFMASS Southern Africa edition

AFMASS Southern Africa is the food & beverage and milling industry's premium conference and exhibition attended by key decision makers from Southern Africa Africa to trade, network and learn the latest processing, packaging and safety technologies. The 2018 edition of AFMASS Southern Africa Conference and Expo will be hosted at the New Government Complex in…

South Africa Tiger Brands prepares against listeriosis class-action lawsuit

SOUTH AFRICA - Tiger Brands, a packaged-food company based in South Africa, announced that it is set to defend its position in the class action lawsuit against the company following the listeriosis outbreak of 2018. In a statement issued to Johannesburg Stock Exchange, the consumer goods company said it has received a summons in respect…

South Africa’s Kaap Agri reports 28.7% growth in revenues as conditions rebound

SOUTH AFRICA - Kaap Agri, South Africa’s agricultural retailing and service company, has reported a 28.7% growth in revenues to R4.4bn in the six months to end March 2019 supported by drought recovery in some operating regions. The Johannesburg Stock Exchange (JSE) listed firm however, said that gross profit in relation to revenue growth did…

Brimstone exits Clover buyout deal following criticism from anti-Israel group

SOUTH AFRICA – Brimstone Investments Corporation, a South African investment firm has announced that it will not participate in the US$343.95 million acquisition deal of South Africa’s largest dairy firm, Clover Industries. Brimstone’s decision to pull out from the deal follows continued pressure arising from criticism by the lobby group Boycott, Divestment, Sanctions (BDS) South…

South Africa’s Pick n Pay annual turnover grows 9.6%, approves expansion plans in Zimbabwe

SOUTH AFRICA - Pick n Pay, second largest retailer in South Africa has reported 9.6% growth in its annual turnover for the financial year to the end of March 2019 despite declining consumer spending which has affected retailers in the country. According to a report by Business Report, the retailer said in a recent trading…

International Grain Council projects 14% decline in SA maize production

SOUTH AFRICA - The International Grains Council, an intergovernmental organization with focus on grains, has projected a 14% decline in South Africa’s maize production to 10.7million tons during the current season. Paul Makube, a senior agricultural economist, said that the projected declined is based on the drought conditions that have interfered with planting seasons of…

South Africa’s agribusiness firm Afgri opens a new investment unit to boost growth

SOUTH AFRICA - Afgri Group, a South African agribusiness firm, has unveiled the ‘AFGRI Grain Silo Company Proprietary Limited, as the firm’s new investment vehicle poised to increase investments and expand its operation. Chris Venter, Afgri Group chief executive said the move will allow the company to significantly grow the business to set off its…

Sweden packaging group to acquire Nampak’s Nigeria packaging business

SOUTH AFRICA – AR Packaging group has entered into a definitive agreement with South Africa’s Nampak for the acquisition of its Nigerian packaging business, Nampak Cartons Nigeria at an undisclosed amount. Nampak Cartons Nigeria, Subsidiary of the Johannesburg stock exchange listed firm, Napmak, engages in production of packaging material production for the food and consumer…

South Africa’s rooibos tea research gets financial boost to promote medical research

SOUTH AFRICA – The South African Rooibos Council (SARC) will be investing R4.5 million (US$317, 515) in rooibos tea in efforts to identify the potential of the indigenous tea in the prevention of diseases risk factors. According to a report by Business Day, the three year research running from 2019-2022 will focus on reduction of…

Unilever South Africa introduces 100% recycled and recyclable packaging bottles

SOUTH AFRICA – Unilever South Africa has introduced bottles made from 100% recycled plastic as well as being fully recyclable in its Sunlight Dishwashing Liquid product line as it seeks to reduce its environment footprint. The company said that the packaging is part of the firm’s efforts to ensure that all its plastic packaging will…