Rising feed costs clip Astral’s wings
11/10/2019 - 09:06
Astral Foods, SA’s largest poultry producer, said that rising feed costs and disappointing consumer spending patterns would crop its earnings in the year to end June.
SA’s poultry producers cry fowl
19/09/2019 - 13:16
SA’s chicken producers are at loggerheads with importers over proposals for steep tariff increases.
SA may suffer from food wastage, not insecurity
09/09/2019 - 15:55
South Africa should review the legislation regulating the use-by and sell-by dates of food, the Tiger Brands Foundation said.
Predatory imports are killing small chicken firms
29/07/2019 - 11:01
Local chicken producers and importers are arguing over the potential impact that import tariffs could have on South African consumers, jobs and rural development.
Poultry body defends call for 82% chicken tariffs
12/07/2019 - 08:50
The South African Poultry Association (Sapa) has defended its decision to call for a hike in chicken imports tariffs to 82 percent, up from the current 37 percent.
Inflation accelerates slightly in May
19/06/2019 - 11:24
Inflation accelerated slightly to 4.5% in May, giving impetus to calls for an interest cut in July.
Trade body will have a bone to pick in poultry tarrif case
14/06/2019 - 09:30
Those with intimate knowledge of the tariff application say that ITAC's position is akin to a zero-sum game, where they may have to choose between exposing local poultry producers to cheap imports they cannot compete with, or raising consumer prices for poultry to impossibly high levels.
There's no truth to importers' threats about 'expensive' chicken
05/06/2019 - 08:58
Don't rely on the chicken importers for the facts. In a massive public relations exercise to turn opinion against higher import tariffs, they have relied on assertion, misdirection, misinformation, and bluster. Facts are few and far between.
How imports threaten survival of SA’s small chicken farmers
06/05/2019 - 14:39
The SA Poultry Association has warned that more local chicken farmers could soon go out of business due to cheap Brazilian imports.
Chicken prices may spike by up to 32% due to tariff increases, says importers
18/04/2019 - 09:22
Increasing tariffs on imported poultry products could hike chicken prices by up to 32%, says consumer bodies and importers and exporters organisation.
Major food and drink firms aim to improve plastic recycling in Africa
02/04/2019 - 10:02
Diageo, Unilever, The Coca Cola Company and Nestlé have joined forces to improve the collection and recycling of plastics in Africa.
SA poultry industry wants hefty increase in tariffs to protect local industry
17/01/2019 - 13:20
The South African poultry industry has defended its application for a hike in import tariffs of frozen chicken portions to 82%, saying the cheap chicken imports mainly from Brazil hurt the competitiveness of local producers.
SA food and non-alcoholic beverages inflation unchanged
20/12/2018 - 15:33
South Africa’s food and non-alcoholic beverages inflation has bottomed out and will begin an upward cycle in the coming months, supported by an increase in agricultural commodities prices. The headline number will probably increase marginally as we expect the uptick in cattle and sheep slaughtering activity to contain meat price inflation at fairly lower levels in the near term which will, in turn, influence the overall increase.
Unilever among firms calling for net zero UK emissions by 2050
28/11/2018 - 09:04
Unilever, Danone and Coca-Cola European Partners (CCEP) are among companies which have urged the UK to aim for net zero emissions by 2050.
Sugar content in UK yoghurts “well above” recommended levels
02/10/2018 - 08:33
The sugar content of the majority of yoghurts sold in the UK is “well above” recommended sugar levels, according to research conducted by online journal BMJ Open.
Dr. Oetker acquires cake decorating company Wilton Brands
12/09/2018 - 09:20
Dr. Oetker has acquired US-based cake decorating business Wilton Brands from TowerBrook Capital Partners for an undisclosed sum.
Food and grocery price increases in South Africa: 2017 vs 2018
03/08/2018 - 10:15
Annual food inflation has continued to slow despite April’s rise in value-added tax (VAT), and some food items are actually cheaper than they were a year ago.
Meat and poultry consumption on the rise in Africa
17/07/2018 - 14:54
The meat and poultry market in West Africa grew to 6.5M tonnes in 2016. In value terms, it stood at $16.1B, which was at the level of the previous year. Market size upturned from 2007 to 2014, with mild fluctuations, followed by an abrupt decline in 2015 and stabilisation in 2016.
EU plans ban on plastic straws and other single-use plastics
30/05/2018 - 13:54
Single-use plastic products such as straws and drink stirrers may be banned across much of Europe under proposals put forward by the European Union (EU).
Nestlé to launch global children’s nutrition programme
18/05/2018 - 14:19
Nestlé has announced that it has launched a new children’s nutrition programme, which will aim to reformulate the company’s products in order to make them more nutritious.
Astral rewards shareholders generously
14/05/2018 - 13:33
Poultry producer Astral Foods rewarded its shareholders handsomely, as the cycle in the industry turned in its favour, boosting its earnings markedly in the six months to end-March.
Producer inflation drops in March, with total cost of food production falling 1.2%
03/05/2018 - 14:13
Farm and factory gate inflation, as measured by the annual change in the producer price index (PPI), decelerated to 3.7% in March from 4.2% in February.
Study finds Americans waste 150 000 tons of food per day
19/04/2018 - 11:10
Recent study findings reveal Americans waste nearly 150 000 tons of food per day, amounting to about 422g per person, and fruits and vegetables are mostly what gets tossed.
Chicken sales continue to rise as world demand grows
19/03/2018 - 14:02
Demand for chicken meat is showing no signs of declining, as poultry overtakes red meat consumption in markets around the world – including the United States and South Africa.
Astral pushes for VAT free chicken
16/03/2018 - 09:40
Chicken should be exempt from value added tax (VAT), poultry producer Astral said in a media release.
RCL stock leaps on earnings update
15/02/2018 - 10:42
RCL Foods, the consumer brands conglomerate that owns poultry producer Rainbow Chickens, delivered a nourishing trading update.
Food trends could drive production decisions
14/02/2018 - 11:01
The agricultural sector is about producing, processing and marketing food and fibre to consumers. Although the natural fibre side of agriculture should never be neglected, the largest portion of the sector remains the production of various food products.
Häagen-Dazs releases new ice cream flavour for Valentine’s Day
12/02/2018 - 10:30
Ice cream company Häagen-Dazs has launched a new limited-edition Cherry Blossom ice cream for the UK market in the run-up to Valentine’s Day.
Astral Foods sets sights on further growth
09/02/2018 - 08:52
Astral Foods, the "big bird" of the JSE’s poultry sector, assured shareholders at Thursday’s annual meeting that management would not be resting on its laurels after a hugely profitable 2017 financial year.
Poultry body backs march over 'unsafe' poultry imports
05/02/2018 - 13:34
A single bag of frozen chicken can consist of pieces from as many as five different countries, which is not only confusing for consumers but can have serious health implications.
Lindt & Sprüngli invests $32m in Olten cocoa mass facility
02/02/2018 - 13:28
Lindt & Sprüngli has announced it will invest CHF 30 million ($32 million) to expand the production capacity of its cocoa mass factory in Olten, Switzerland.
Sovereign Foods abattoir back in operation after listeriosis scare
09/01/2018 - 09:52
Sovereign Foods’ poultry abattoir in Hartbeespoort is back in operation following its closure on December 22 by the government to control the spread of Listeria.
Lower feed costs boost Astral’s earnings
20/11/2017 - 14:36
Astral Foods has raised its final dividend by a hefty 775% to R8.75, after the poultry producer nearly doubled its full-year headline profit.
Bureau Veritas unveils state-of-the-art microbiological laboratory in Cape Town
03/11/2017 - 09:43
Bureau Veritas, the renowned international accreditation, testing and analyses global giant, today unveiled their technologically innovative, state-of-the-art microbiological laboratory in Brackenfell, Cape Town.
Astral Foods share rises after trading statement predicts doubled earnings
16/10/2017 - 13:10
Poultry producer Astral Foods expects to report doubled earnings thanks to higher prices and no further bird flu outbreaks.
Sovereign contains outbreak of bird flu
09/10/2017 - 10:10
An avian influenza outbreak at a Sovereign Foods facility had been contained to the layer house where it was initially identified, the poultry producer told shareholders on Friday.
Astral sharpens its focus on poultry operations
04/10/2017 - 10:26
Southern African integrated poultry producer Astral Foods is ridding itself of a noncore asset in an effort to sharpen its focus on its poultry business.
Investors agree to sell 54.37% of Sovereign Foods’ shares to Capitalworks
27/09/2017 - 12:02
Investors holding 54.37% of poultry group Sovereign Food Investments’ shares have voted in favour of the general offer by Capitalworks Private Equity to buy them at R12 each, Sovereign said on Tuesday.
Revised business plan pays off at RCL
30/08/2017 - 13:32
RCL Foods, which owns several leading brands, is expecting a pluckier performance from its struggling poultry business.
US Agoa poultry exporters struggle with SA’s empowerment provisos
30/08/2017 - 10:37
US poultry producers nearly reached their full 65,000 ton quota of exports to SA under the Africa Growth and Opportunity Act (Agoa) in the year to end-March.
Bird flu outbreak threatens local poultry industry
30/06/2017 - 09:38
With reported cases of Avian Influenza within South Africa’s borders, the local commercial poultry industry is at high risk of the outbreak turning into a pandemic with major financial and operational implications. This is according to Gareth Lloyd-Jones, Chief Commercial Officer of one of South Africa’s leading hygiene and sanitation service providers for the food, pharmaceutical and healthcare industries, the Ecowize Group.
Global factors lift SA's poultry producers
29/03/2017 - 15:14
Avian flu in Europe and tainted-meat scandal in Brazil help reverse local poultry producers' fortunes
Poultry association seeks import protection to save industry
03/03/2017 - 08:29
The poultry industry could create up to 50,000 direct and indirect jobs, including grain jobs if SA did not import chickens.
Dumping of chicken hit group’s performance, says RCL Foods CEO
24/02/2017 - 12:28
The company had to impair R142m of plant and equipment related to the decision to reduce commodity chicken volumes.
SA must shut down dumped chicken imports to prevent industry collapse
26/01/2017 - 09:35
Local poultry producers are efficient and world-class but cannot compete in an unfair environment, write Agmat Brinkhuis, Scott Pitman and Katishi Masemola
Low poultry duty on EU ‘will decimate jobs in SA’
11/01/2017 - 11:08
Poultry stakeholders demand a tariff of up to 40%, saying the new 13.9% safeguard duty is ‘hopelessly inadequate’
Good news and bad for local poultry industry
28/11/2016 - 09:16
The good news for the poultry industry is that the worst of the drought is over. The not-so-good news is that the full benefits may take another six months to materialise.
Why red meat prices will soar, even if the drought is broken
26/09/2016 - 13:58
RED meat prices are expected to rise, further straining food inflation, as farmers rebuild their herds following record slaughters to cope with the worst drought in a century, industry experts say.
Salt water levels in chicken exploits consumers - Amie
22/09/2016 - 09:42
Cape Town - High brining levels as practised in South Africa are nothing more than commercial exploitation of consumers, according to the Association of Meat Importers and Exporters of SA (Amie).
Spur results underline pressure on consumers as food inflation bites
08/09/2016 - 10:04
FOOD franchise group Spur Corporation’s results for the year to June suggest the pressures facing consumers are being felt most acutely in the lower end of the market.
Tiger sees SA consumers under pressure as costs rise
19/07/2016 - 12:42
Johannesburg - Tiger Brands said the risk of higher inflation will place pressure on South African consumers as the nation’s biggest food producer is raising prices to try to offset cost pressures following record maize prices.
Country Bird finally swoops on Sovereign with firm buyout offer
07/07/2016 - 13:07
AFTER months of speculation, unlisted poultry group Country Bird Holdings (CBH) has finally swooped on Eastern Cape-based rival Sovereign Food Investments, with firm intention for a premium-priced buyout offer.
You are now paying a lot more for food in South Africa
04/07/2016 - 08:39
A report in the Sunday Times reveals how much more South Africans are now paying for food from leading retailers.
Food will continue to be costly
14/06/2016 - 17:11
Johannesburg - South Africans may be breathing a sigh of relief that El Niño seems to have passed, but food prices will remain high well into next year.
Poultry imports destructive - Astral
17/05/2016 - 08:58
Johannesburg - Poultry producer Astral warned that cheap imports coming into the country threatened to destroy South Africa’s poultry industry.
Astral Foods’ profits slide as drought bites
16/05/2016 - 14:43
Astral Foods on Monday (16 May) reported a slide in its first-half profit as the effect of the recent drought in the country took hold.
US poultry a win for SA consumers - council
22/04/2016 - 12:22
Cape Town - "We are thrilled to be back in the South African market after about 17 years," Jim Sumner, president of the USA Poultry & Egg Export Council (USAPEEC) told Fin24 during his visit to Cape Town this week.
SA meat prices could double in the next few months
08/04/2016 - 16:09
The African Farmers Association says that meat prices could double in the current economic climate.
Food may become “unaffordable”
03/03/2016 - 10:17
Johannesburg - South Africa's agriculture sector, which has been ravaged by the worst drought in recent times, has seen its input to gross domestic product (GDP) shrink by 14 percent.
American meat goes on sale in SA - USA
03/03/2016 - 09:17
Washington - South Africa is allowing sales of American chicken, pork, and beef products throughout the country, meeting benchmarks for resolving a 15-year trade dispute with the United States, Washington's top trade official said on Wednesday (2 March).
Meat producers expect food prices to soar
02/03/2016 - 09:41
Parliament – The effects of the drought conditions currently affecting the country’s agricultural sector could hit the pockets of ordinary South Africans soon, meat producers warned as they briefed MPs in Parliament on Tuesday (1 March).
Drought: SA’s warm weather set to continue
02/03/2016 - 08:54
Johannesburg - South Africa's weather will remain drier and warmer than usual until the autumn season, which begins in April, the South African Weather Service said on Monday (29 February).
Sovereign shareholders continue to show overwhelming support for bee transaction and share buy-back
12/02/2016 - 15:02
Poultry producer Sovereign Foods today announced overwhelming shareholder support to continue with its BEE transaction and to return capital to shareholders simultaneously by means of a revised proposal to shareholders.
High red meat prices could mean a crash in the market
02/02/2016 - 09:42
Red meat sales are likely to plunge in the coming months as consumers resist price increases in beef, triggered by the drought.
The price of everything is going up in SA
20/01/2016 - 09:04
Having lost over 30% of its value against the dollar in January, the weak rand is causing everything to go up in price – from food, to medicine, to technology.
Get ready for a food price shock in 2016
19/01/2016 - 09:40
Ongoing drought conditions and a weak currency are hammering South Africa’s food producers, who are under pressure to keep prices low.
Fire destroys over 20 000 hectares of food crop farms - Ghana
15/01/2016 - 11:34
More than 20 000 hectares of cash and food crop farms in the Asante-Akim Central Municipality have been completely ravaged by wildfire, raising fears of imminent famine in the area.
Food now key player in housing market
13/01/2016 - 08:49
Cape Town - Food might very well replace oil as the key commodity strongly linked to the fortunes of the local residential property market, John Loos, household and property sector strategist at FNB Home Loans, said on Monday.
US warns of fallout over SA chicken trade impasse - USA
21/10/2015 - 09:26
Washington - The United States vowed on Monday to press ahead with a review that could cut South Africa's access to trade benefits after the country missed a key deadline for resuming US poultry imports.
Global food prices fall in July
07/08/2015 - 09:23
Global food prices fell to a six-year low in July, but maize prices rose, which is negative for a maize-importing country like SA.
Country Bird’s expansion in Africa hampered by debt
02/09/2014 - 12:38
Country Bird’s debt burden is weighing on the poultry producer’s expansion in other African countries, the group said in its annual results published on Monday.
Remove taxes on inputs to save poultry industry
19/08/2014 - 11:38
Some poultry farmers in the Ashanti region are lamenting the high cost of inputs, which they say is negatively affecting their businesses. They complain the problem has been worsened over the last few months by the continuous depreciation of the cedi.
Chicken producers get wings
30/07/2014 - 10:53
Poultry stocks are riding the crest of a wave as the maize price continues to drop and as the market waits for the anti-dumping duties imposed on EU chicken imports to kick in formally, according to analysts.
Imports still a problem for Sovereign
21/05/2014 - 11:14
Poultry imports, as well as input and administered costs, weighed on Sovereign Food Investments full-year results, the company said last week Friday.
Botswana-Zimbabwe trade shrinks
08/04/2014 - 09:24
Contrary to the expectations of the Bilateral Investment Promotion and Protection (BIPPA), an agreement that was set to unlock investment and trade windows between Zimbabwe and Botswana, data released by Statistics Botswana indicates that trade between the two countries continue to decrease.
Inflation edges up from 7.3 % to 7.6%, trade surplus up to K283 million, Zambia
10/03/2014 - 12:42
Zambia’s annual rate of inflation consumer index has risen by 0.3 percentage points from 7.3 percent in January to 7.6 percent recorded in February.
South Africa's CPI rises to 5.8%
05/03/2014 - 11:42
The consumer price index for all urban areas rose to 5.8 percent in January, Statistics SA has said.
Zambia’s annual rate of inflation rise by 0.2 percent, trade surplus ticks up
31/01/2014 - 09:34
Zambia’s annual rate of inflation as measured by the all items Consumer Index (CPI) has risen by 0.2 percent from December 2013s 7.1 percent to 7.3 percent recorded in January this year.
PPI slows down
17/12/2013 - 07:51
Johannesburg - The year-on-year producer price index (PPI) slowed to 5.8% last month, compared to 6.3% in October, Statistics SA (Stats SA) has said.
CFI Holdings, Victoria Foods sets sights on long-term capital, Zimbabwe
12/07/2013 - 10:08
The injection of long-term capital into Victoria Foods and the debt restructuring initiative is projected to induce positive performance for diversified CFI Holdings Limited.
Poultry price may almost double
11/07/2013 - 10:25
Johannesburg - A complaint was lodged on Wednesday with the Competition Commission against the SA Poultry Association and local frozen chicken producers.
Zambeef share price in marginal drop
10/07/2013 - 08:55
Zambeef Products Plc share price on the Lusaka Stock Exchange (LuSE) has declined by two percent over the last few weeks following reports of alleged importation of contaminated beef, Stock Broker Zambia Limited (SBZL) has said.
Watchdog to make poultry-duty call
13/06/2013 - 09:44
Johannesburg - South Africa’s International Trade Administration Commission said it plans a further probe into the poultry association’s request to raise tariffs on chicken imports to as much as 82 percent before making a recommendation.
Country Bird CEO resigns
03/06/2013 - 08:46
Johannesburg - Jeff Wright has resigned as Country Bird Holdings [JSE:CBH] after five years at the helm‚ the poultry producer said on Friday.
Rainbow Chicken buys stake in Zam Chick
05/02/2013 - 08:00
Johannesburg - Shares of Rainbow Chicken [JSE:RBW] fell more than 6% after the company said it would pay $14.25m in cash for Zambian Zambeef's 49% stake in Zam Chick.
Rainbow rights offer to raise R3.9bn
07/12/2012 - 08:10
Johannesburg‚ Dec 6 (I-Net Bridge) - Rainbow Chicken (RBW) is to raise R3.9 billion of new equity by way of a renounceable rights offer‚ it said on Thursday.
Higher feed costs to drive up meat prices
14/11/2012 - 08:50
London - A surge in the cost of feed grain after the worst US drought in more than half a century has stripped many livestock farmers of profit and set off a chain of events that threatens to drive up world meat prices in 2013.
Global demand for local grain to put consumers under stress
29/08/2012 - 08:41
South Africa’s animal feed industry, poultry producers and consumers face greater strain as the international demand for local grain products looks set to diminish the domestic maize surplus.
May wholesale trade up 8.7%
20/07/2012 - 08:31
Johannesburg - Wholesale trade sales at constant prices for May grew by 8.7% year-on-year (y/y) compared with a 9.5% y/y growth in April‚ Statistics SA data showed on Thursday.
Western Cape economy cools down
13/07/2012 - 08:05
Cape Town – Together with the chilly Cape weather the Western Cape economy is also cooling down, as is evident from the May Sake24 and BoE Private Clients Western Cape Barometer.
WTO: Brazil challenges SA poultry moves
25/06/2012 - 08:13
Geneva - Brazil has taken the first legal step at the World Trade Organisation to challenge South Africa's use of anti-dumping measures on shipments of Brazilian poultry meat, the global trade body said in a statement on Friday.
Cheaper oil, food put lid on inflation
22/06/2012 - 07:43
The price of Brent crude oil fell below $91 a barrel yesterday, a price last seen in December 2010, from this year’s high of $124 in March.
Tough trading likely to continue — Pick n Pay
19/06/2012 - 08:58
The country’s second-largest retailer, Pick n Pay (PIK), is operating in a time of tightened consumer spending, increased competition in the retail sector, and increased food inflation and utility costs, the retailer’s chairman, Gareth Ackerman, said on Friday.
Astral sells bakery stake for R96m
01/06/2012 - 08:42
Poultry producer Astral Foods said yesterday it had sold its 50% stake in its bakery business for R96m to Fedoha Proprietary.
‘Shocking’ fall in factory output raises fears over exports
11/05/2012 - 08:20
Manufacturing output contracted unexpectedly in March, suggesting that the recession in Europe is already taking a toll on exports and signalling growth in the economy may be slowing more sharply than expected.
Astral Foods expectant of decline in earnings, 16-19%
04/05/2012 - 09:17
Astral Foods advised on Friday that a reasonable degree of certainty exists that its earnings and headline earnings per share for the six months ended March 2012 would both reflect a decrease of between 16% and 19% compared to the previous comparable period.
Consumer inflation slows again
18/04/2012 - 11:42
Johannesburg - South Africa’s consumer inflation slowed to 6.0% year-on-year in March, in line with market consensus from 6.1% in February, Statistics South Africa said on Wednesday.
SA's repo rate seen steady at 5.5%
26/03/2012 - 08:12
Johannesburg - The Reserve Bank will probably keep its repo rate at its current three decade lows next week to give the struggling economy more leeway, although higher electricity and fuel costs could force it to start tightening policy later in the year.
Clothing, footwear sales boost retail confidence
16/03/2012 - 07:45
The first quarter of this year saw improved levels of confidence among retailers, as solid clothing and footwear sales growth bolstered sentiment, the latest Ernst & Young/Bureau for Economic Research survey on Thursday revealed.
Consumers remain backbone of SA economy
09/03/2012 - 07:51
Bloemfontein. – It’s consumers who are putting the zing in the South African economy at a time when low growth in foreign markets is putting a damper on the production side of the economy.
Bytes replaces 8 000 POS units at Pick n Pay
07/03/2012 - 08:16
Bytes Managed Solutions has been awarded a contract, worth over R100 million in total, to refresh the existing point-of-sale (POS) hardware infrastructure at all Pick n Pay stores over a two-year period.
Retail sales grew 5.97% in 3Q 2011
02/03/2012 - 09:21
Nominal retail sales grew 5.97% in the third quarter of 2011, compared on a year-on-year basis. This is the word from property management group Broll , based on its quarterly Retail Barometer.
Consumer inflation edges up to 6.3%
23/02/2012 - 09:34
Johannesburg - South Africa’s targeted consumer price inflation (CPI) quickened to 6.3% year-on-year (y/y) in January, from 6.1% in December, Statistics South Africa said on Wednesday.
Woolworths Floor-Space Growth to Accelerate in Second Half
21/02/2012 - 08:37
Woolworths Holdings Ltd. (WHL) plans a “big” acceleration in floor-space growth in the second half of the fiscal year, as the South African food and clothing retailer opens its first supermarkets.
Rainbow profits increase
15/02/2012 - 08:45
Rainbow Chicken (RBW) advised on Tuesday that it expects its Earnings Per Share and Headline Earnings Per Share for the 6 month period ended 31 December 2011 to be between 21% and 26% higher than that of the 6 month period ended 30 September 2010.
Keeping cheap Brazilian chicks in line with duties
14/02/2012 - 09:47
The South African government is slapping additional duties of 6%-63% on Brazilian exporters of chicken into the Southern African Customs Union market — but insists this will not push up prices.
Nestlé develops ‘frustration-free’ packaging
24/01/2012 - 08:15
Nestlé has announced that it is developing ‘frustration-free’ packaging for some of its products to ensure consumers of all ages can use them without difficulty.
SA CPI annual average 5.0% in 2011 (4.3% 2010)
18/01/2012 - 11:02
The increase in South Africa's consumer price index (CPI), which is used by the SA Reserve Bank (SARB) for its inflation target, was 6.1% year on year (y/y) in December, from 6.1% y/y in November, Statistics SA (Stats SA) said on Wednesday.
Trolley costs continue to speed ahead
19/12/2011 - 08:36
Food prices continue to soar ahead of Christmas, and there is no stopping the trend.
Woolworths not losing sleep over Walmart
12/12/2011 - 09:47
Johannesburg - The chief executive of Woolworths Holdings [JSE:WHL] isn't worried about losing market share to Walmart in Africa, as he targets the continent's rising wealth with fashionable clothing and high-end food.
Shoprite honours top suppliers for 2011
07/12/2011 - 10:42
The Shoprite Group of Companies paid tribute to their suppliers at its 2011 Supplier Awards held in Stellenbosch on Saturday, 26 November. This glamorous ceremony, held annually, provides an opportunity for the Group to recognise suppliers for their unstinting support and collaborative approach toward the company’s business during the past year.
Penalties hit Pioneer’s performance
29/11/2011 - 08:11
Food group still required to pay fine of R200m for price-fixing, extraordinarily competitive landscape caused by competition settlement
New packaging packs less at consumer's cost
28/11/2011 - 07:45
Johannesburg - Your favourite brand of toothpaste, chocolate, chips, rice or tomato sauce may be costing you the same, but are you getting the same amount of product for your money?
Spar full-year profit lags consensus
22/11/2011 - 07:57
Johannesburg - Grocery retailer Spar Group [JSE:SPP] missed forecasts with a 3.3% rise in full-year profit as tough competition, weak selling prices and fragile consumer demand weighed on its margins.
Consumer inflation in the spotlight
21/11/2011 - 09:49
A Bloomberg consensus of economists expects inflation’s consumer price index to have grown to 5,9% last month compared with the same month last year.
Woolworths shares dip as sales disappoint
18/11/2011 - 08:32
Shares in Woolworths fell more than 2% yesterday after the food and fashion retailer reported disappointing sales growth in its clothing unit as well as poor volume growth in its first five months of trading in its full year.
Astral Foods reports profit
18/11/2011 - 08:14
Johannesburg - Integrated poultry producer Astral Foods [JSE:ARL] on Monday reported a 19% rise in diluted headline earnings per share from 959c to 1 145c for the year ended September 30 2011.
Retail sales surge signals recovery gaining pace
17/11/2011 - 11:03
Growth in retail sales surged unexpectedly in September, signalling that SA’s economic recovery was gathering momentum and quashing lingering expectations that interest rates could fall again
Joint approach towards an innovative sustainable solution
14/11/2011 - 08:49
Innovia Films and Sappi Fine Paper Europe have joined forces to demonstrate potential laminate structures, using their respective products, suitable for end users in the food, confectionery and pharmaceutical industries. These laminates provide technical functionality in addition to being made from renewable resources and offering compostability – a focus which many packaging end users are keen to pursue.
Nutrition labels should be in centre of food packaging: Study
09/11/2011 - 15:59
A new study has suggested that nutrition labels should be placed in the centre of food packaging, rather than in one corner. The study reasons that consumers are most likely to skip the information if placed other than center.
Local poultry producers blame minister
08/11/2011 - 08:05
Astral CEO says the continued export of maize is harming the local chicken industry and making food more expensive for South Africans
Maize price ruffles feathers
31/10/2011 - 08:30
Christmas shoppers may be hit by high chicken prices this festive season, due to rising input costs.
World's biggest poultry exporter shows commitment to SA trade partnership
20/07/2011 - 09:39
Johannesburg, Tuesday, 19 July 2011. Today, the Brazilian Poultry Association (UBABEF), in partnership with the Brazilian Trade and Investment Promotion Agency (ApexBrasil) addressed members of the South African food and retail sector, at a seminar entitled “Brazil: A World Leader in Poultry Production.”
Rainbow Chicken earnings up
24/05/2011 - 07:28
Poultry producer Rainbow Chicken on Monday reported diluted headline earnings per share (HEPS) of 126.3 cents for the six months ending in March from 119.7 cents a year ago.
Astral Foods earnings up 31%
16/05/2011 - 15:00
Poultry producer Astral Foods (ARL) on Monday reported a 31% rise in diluted headline earnings per share to 635 cents for the six months ended March 2011 from 486 cents a year ago.
Food retailers aim for quality organic produce
18/08/2010 - 00:00
South African food retailers are taking strides to ensure that their offerings meet the rising consumer preference for organic and locally produced produce.