Selati, one of South Africa’s most well-loved brands, has revamped its core brown and white sugar packaging to reflect its new brand positioning centred on ‘Sprinkle Joy’. Based on the latest consumer insights the packaging has been modernised in a manner that evokes joy & happiness.
Consumers can enjoy sugar sweetness without sugar calories. It contains sucralose and is aspartame free.
Falling sugar price triggers rise in import duty
20/08/2019 - 08:40
Sugar import duty increases were triggered again last week after a falling London sugar price increased the protection for local sugar producers by 18 percent.
JIT is key to optimising the FMCG supply chain
23/07/2019 - 19:12
The ability to manufacture ‘just enough’ stock to cover orders and deliver ‘just enough’ product to every retailer is the optimal supply chain scenario in the Fast-Moving Consumer Goods (FMCG) industry. This is known as Just in Time (JIT) manufacturing and delivery.
Sugar importers bitter about consumer prices
19/07/2019 - 10:57
Sugar importers want to know why the industry is subsidised to the extent that consumers are being forced to pay about double the world price.
Addressing the entire supply chain is key to driving consumer behaviour and creating loyalty
03/07/2019 - 08:33
Changing consumer behaviour and creating loyalty throughout the supply chain are areas every FMCG manufacturer is trying to achieve.
10 Tips to kick-starting an FMCG product in the pharmaceutical space
28/05/2019 - 10:04
I was recently asked to give advice to someone wanting to launch an FMCG product in the pharmaceutical space in South Africa. My short answer was that it would prove tricky at this particular point and time. But of course, there are some tips to be shared from practical knowledge of the business, here are ten of mine.
Barcoding the retail world
20/05/2019 - 10:32
In our daily lives, we hardly give the barcode a second thought. We only really come across it when we’re shopping and even then, it’s merely a ‘bunch of lines and spaces’ that helps us process the transaction and buy an item.
Clover set to return to profit in year to June
13/05/2019 - 10:15
Clover, which makes dairy-based foods and beverages, says it will return to profit in the year ending June 2019 after making its first annual loss in more than a decade in the prior year.
AVI hit by constrained consumer spending
13/03/2019 - 12:42
Food and beverage company AVI Limited felt the pinch of constrained consumer spending as income from its shoe brands Green Cross and Spitz slid in the half year to December, resulting in revenue in the footwear and apparel category declining by 9.2 percent to R1.14billion.
Shares in Five Roses owner plummet after dismal trading update
28/01/2019 - 08:56
Fast moving consumer goods group AVI warned shareholders that its interim sales were flat and its headline earnings would decline by up to 7%.
What FMCG companies can learn from the online trading industry
18/12/2018 - 08:09
Fast-Moving Consumer Goods (FMCG) are, by their very nature, products that are designed to be sold quickly at a relatively low cost. Unlike luxury items that often need to sit on the shelf for an extended period of time in order to build up some exclusivity, FMCG products need to be sold as quickly as they’re advertised. With speed being the key ingredient in the FMCG industry, any weak links in the chain can harm a manufacturer's bottom-line.
Listeriosis outbreak haunts Tiger Brands
23/11/2018 - 10:06
The Listeriosis outbreak in South Africa came back to haunt Tiger Brands, with the group reporting a 26 percent decline in headline earnings per share (Heps) to 1 587 cents a share during the year to end September, while revenue fell 9 percent to R15.87.
Black Friday spikes turnover for SMEs
22/11/2018 - 10:50
Even though it is tempting to relegate Black Friday as just another marketing gimmick, the reality is that it signifies the start of a month-long consumer spending frenzy that significantly boosts retail revenues.
Food prices dip in October
05/11/2018 - 13:37
International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, according to the United Nations.
RCL’s sugar business takes strain
06/09/2018 - 21:28
The government should do more to shield food and sugar producers from the influx of cheap imports, RCL Foods CFO Rob Field said.
RCL’s sugar business takes strain
29/08/2018 - 13:21
"The government should do more to shield food and sugar producers from the influx of cheap imports," says RCL Foods CFO Rob Field.
Rob Davies aids embattled sugar industry with higher import duty
15/08/2018 - 10:49
Trade & industry minister Rob Davies has come to the aid of the embattled sugar industry, approving an increase in import duties on sugar.
#WomensMonth: How do women fare in the South African retail market?
15/08/2018 - 09:06
While we focus on women in South Africa during the month of August and honour our constitution for declaring the 9th of August a public holiday; retailers continue to look closely at the overall economic status of women. How liquid is the average women consumer? What does she buy? Does she have the buying power in a household and what does that household look like?
Supply chain risk management for resilience in grocery manufacturing
25/07/2018 - 16:11
Competitive. That is the one word that certainly describes the modern business environment best and a factor that drives many firms to expand their operations globally for cost-effectiveness.
Designing a resilient grocery supply chain
22/06/2018 - 11:01
Supply chains are wonderful systems. Meticulously planned and managed to efficiently and effectively facilitate the flow of goods, services, information and cash between entities when, out of nowhere, supply chain risks and disruptions stick their heads out and muddle up the system.
FMCG suppliers neglecting the importance of the last 50 yards in the shopper journey
01/05/2018 - 12:02
Too many FMCG suppliers still fail to understand the difference between the consumer and the target shopper, neglect the importance of the last 50 yards in the shopper journey and, as a result, are missing out on shopper conversion opportunities at the point of purchase.
Cocoa industry under attack for failing to act on child labour
20/04/2018 - 08:31
The cocoa industry is nowhere close to meeting its commitments to reducing child labour and environmental degradation and, in the top growers, the number of children working to produce the chocolate ingredient is actually increasing, according to a report.
Oreos to be made exclusively from sustainable cocoa
18/04/2018 - 14:31
Mondelēz has committed to using only sustainable cocoa in the production of its Oreo biscuits from the end of March onwards.
Nestle launches new chocolate bar using sugar-reduction technology
28/03/2018 - 08:49
The food giant Nestle unveiled its first chocolate bar that showcases the company's new sugar reduction technology.
Tiger Brands’ shares fall after it warns of declining revenue
21/02/2018 - 11:06
Fast moving consumer goods group says meaningful recovery depends on an improvement in the consumer environment.
Illovo appoints Boomtown for research project
21/02/2018 - 09:57
Africa’s biggest sugar producer, Illovo, has appointed Boomtown for a consumer research project.
Portugal sees 4% FMCG growth in 2017
06/02/2018 - 14:22
Portugal’s FMCG market grew by 4.2% in 2017, with similar increases seen in sales of manufacturer brands (+4.3%) and private-label goods (+4.2%).
AVI expects stronger rand to lift earnings
24/01/2018 - 08:20
Consumer brands group AVI expects a rise in half-year earnings lifted by a stronger rand
Global avocado sales expected to double in 2018
19/01/2018 - 16:04
Global avocado sales are expected to double this year, boosted by growing demand in China, according to the world's largest distributor of the fruit.
Colman's Mustard could cut ties with Norwich as Unilever mulls closure
05/01/2018 - 13:37
Colman’s Mustard could be on the brink of severing its historical links with Norwich after Unilever said it was reviewing the future of its factory in the city.
SA goes cold turkey as retailers battle to source traditional fare
12/12/2017 - 09:45
SA retailers battle to source traditional fare for the festive season.
‘Sugar tax’ is adopted by Treasury without amendment
01/12/2017 - 15:41
The National Council of Provinces’ (NCOP) select committee on finance has adopted the bill which includes a provision for the health promotion levy — or sugar tax — without amendment.
Why FMCG brands should target consumers with small format OOH
30/11/2017 - 11:40
When it comes to marketing FMCG products, one would presume that virtually every consumer is a target and that the brand communication is going to reach those targets across the entire demographic spectrum.
Tiger Brands eyes Africa expansion
28/11/2017 - 10:39
Tiger Brands was looking for acquisitions outside SA and would place more emphasis on due diligence than in the past, management said on Monday.
Tiger Brands hit by strikes and tough market conditions
27/11/2017 - 09:07
Strikes, a shrinking market and aggressive competition in the snacks and treats sector were among the reasons Tiger Brands gave for flat sales and lower profits for its 2017 financial year.
National Assembly approves sugar tax
23/11/2017 - 15:09
The bill providing for the implementation of a tax on sugary beverages — the health promotion levy — was passed by the National Assembly on Tuesday.
Green shoots visible for Tongaat after devastating drought
13/11/2017 - 12:05
Tongaat Hulett, SA’s largest sugar producer, is starting to see the positive effects of the end of a devastating drought that hit its operations in KwaZulu-Natal, Zimbabwe, and Mozambique.
PriceCheck partners with Reckitt Benckiser
08/11/2017 - 16:32
Africa’s largest product discovery and comparison service, PriceCheck has announced its most recent effort to provide South Africans with a variety of product options at the best prices - partnering with Reckitt Benckiser, the British company behind Durex condoms, Nurofen tablets and Dettol cleaners.
CA Sales the third counter on 4AX
08/11/2017 - 15:20
CA Sales made its debut on the 4 Africa Exchange (4AX) on Tuesday, becoming the third company to list on the exchange.
AVI shares jump on news of possible asset sales
27/10/2017 - 08:48
Fast-moving consumer goods group AVI’s share price rose 4% to R98.45 on Thursday morning, after AVI announced the potential sale of some of its businesses.
Hunt in Poland pays off again for Bounty
29/09/2017 - 11:01
Bounty Brands, the fast-moving consumer goods business with plans to list on an international bourse and the JSE, has made another acquisition in Poland.
AVI’s full-year HEPS rise in line with guidance
11/09/2017 - 11:17
Food producer AVI has reported a 9.4% rise in full-year headline earnings per share (HEPS) to R5.08, which was in line with its recent guidance.
European grocery market grows at fastest rate in three years
04/09/2017 - 14:38
FMCG sales in Europe rose by 3.7% in the second quarter of 2017, the highest level for three years, according to new data from Nielsen.
Sugar industry could take years to recover from 2015-16 drought
07/08/2017 - 09:54
The South African sugar industry could take years to recover from the effects of the 2015-16 drought which has led to the industry failing to meet export orders.
AVI grows full-year revenue after lifting prices
25/07/2017 - 12:17
Food producer AVI grew its revenue 8.2% in the year to June, after increasing selling prices to mitigate against the effect of a weaker rand, which inflated input costs.
Nestlé cereals to reduce sugar content by further 10%
05/07/2017 - 11:10
Nestlé has announced that it will be reducing the average sugar content across its breakfast cereal range by a further 10% by the end of 2018.
FMCG suppliers need to become master storytellers to succeed with grocery retailers
11/05/2017 - 14:14
With retail multiples looking to downsize their ranges, especially in the context of cost price negotiations prompted by recent currency fluctuations, FMCG suppliers need to become master storytellers to remain competitive.
FMCG growth soft in China but online trade outperforms
11/04/2017 - 14:18
The growth in FMCG sales remained soft over the Chinese New Year (CNY) period, according to the latest figures from Kantar Worldpanel.
The FMCG products with huge growth potential in Africa
17/08/2016 - 12:26
No consumer market anywhere is the world is exempt from the demand for fast moving consumer goods (FMCG). In Africa, the demand for better quality and more sophisticated products and brands is increasing as populations grow and living standards improve.
Tax is sweet news for boosting revenue
11/07/2016 - 12:54
SA’s new sugar tax could add 20% to the price of a Coca-Cola, but would exempt Liquifruit and other 100% fruit juices, along with unsweetened milk and bottled water.
Special Sessions keynote presentations by Accenture, ECOLAB, IRI and Nielsen
29/06/2016 - 14:41
There was a host of special sessions at the Consumer Goods Forum Summit which covered issues from surviving the third era of digital and the ‘Internet of Things’ to ‘End-to-End Value Chain’ and navigating the new retail agenda. Key speakers included Mark Curtis, Chief Client Officer and co-Founder, Fjord, who described the trends and key success elements for brands willing to succeed in the digital space, and Steve Matthesen, Global President of Retail Vertical, Nielsen, who elaborated on consumers’ perspectives to explain the “why behind the buy."
South Africa to cut time to register new businesses, Rob Davies
22/06/2016 - 13:56
Issues impacting retailers, manufacturers under the spotlight at The Consumer Goods Forum Global Summit in Cape Town, 15 to 17 June
Grocery retailing: Navigating the in-store digital divide
09/06/2016 - 14:57
Grocery and other retailers in South Africa are still dramatically underestimating the impact that the onslaught of digital is having on the industry.
Sugar tax confirmed for South Africa in 2017
25/02/2016 - 11:09
South Africans with a sweet tooth will be punished with a higher tax on sweet stuff. In his budget speech on Wednesday (24 Feb), Finance Minister Pravin Gordhan announced that a sugar tax will be levied with effect from 1 April 2017.
Illovo sees dip in sugar output
05/02/2016 - 11:04
Johannesburg - Africa’s largest sugar producer, Illovo Sugar, is expecting sugar production to drop for the 2015/16 season due to the drought.
Drought dries up Illovo’s half-year profits
30/11/2015 - 12:45
South Africa’s drought, pressure on export prices and reduced demand in Malawi resulted in Illovo Sugar [JSE:ILV] cutting its half-year profit by nearly 60% on Monday.
Retailers need to look to ‘collaboration on supply-chain issues’
21/09/2015 - 09:10
High costs, non-optimal inventory, poor demand forecasting, and unreliable and volatile service levels bog down South African retailers’ supply chains.
Namibia Retail Sector Charter to go ahead - Namibia
13/05/2015 - 11:10
Plans to implement the Namibia Retail Sector Charter (NRCS) by the Namibia Trade Forum (NTF) are on schedule despite poor attendance of meetings by stakeholders in the clothing/Apparel sector.
Illovo Sugar flags lower FY earnings
16/04/2015 - 08:33
Johannesburg - Illovo Sugar, Africa's biggest producer of the sweetener, said on Wednesday its full-year profits would fall due to depressed global prices and drought that has ravaged some of its crops in South Africa.
Top employer amongst global giants
02/03/2015 - 13:01
In an article recently published on Fortune.com, FMCG giant, Unilever, was listed as the third most sought after employer in the world, following Google and Apple. With a clear mission and value statement, the multi-national organisation is leading the world on a journey to greater employee engagement.
Retail Charter confirmed - Namibia
26/01/2015 - 10:08
The Retail Charter is gaining momentum as Task Teams meeting to discuss the launch date, which is set for the third quarter of 2015.
Unilever sees no improvement after weak 2014 - UK
22/01/2015 - 13:35
London - Consumer goods group Unilever expects another sluggish year, after a slowdown in emerging markets and flagging developed economies curbed demand for everything from soup to soap in 2014.
Illovo seeks sweeter trade deals in Africa
02/12/2014 - 11:02
Illovo Sugar has set its eyes on east and West Africa for growth as it prepares its exit from EU markets in the medium to long term, according to Gavin Dalgleish, the managing director of Africa’s biggest sugar producer.
India asks Pepsi to cut sugar- India
28/08/2014 - 11:33
New Delhi - India has asked US soft drinks giant PepsiCo to reduce the sugar content of its sodas as the country battles growing levels of obesity and diabetes.
Ilovo Sugar: Wage pact averts threatened strike
02/07/2014 - 11:03
A strike at Illovo Sugar had been averted after workers accepted a wage offer from the company, the Food and Allied Workers Union (Fawu) said yesterday.
Central African sugar factory reopens amid strife
11/06/2014 - 10:59
The biggest sugar refinery in the war-torn Central African Republic is back in business after soldiers recaptured it from former rebels who occupied it for more than a year.
Sugar strike ends
09/06/2014 - 11:03
Johannesburg - The strike in the sugar industry has ended after a settlement agreement was reached on Friday, the Food and Allied Workers Union (Fawu) said.
Tongaat Hulett’s profits rise
27/05/2014 - 10:01
Johannesburg - South African sugar producer, Tongaat Hulett, reported a 6 percent increase in full-year earnings yesterday, after softer global sugar prices and weak domestic demand weighed.
Metal exports soar, Zambia
17/03/2014 - 09:05
A rise in copper export income has pushed Zambia’s metal export earnings to US$7,086.6 billion from $6.511 billion posted in 2012. The merchandise imports bill also increased to $9,234.8 billion.
IMF: Mauritius economy to grow by 3.7%
29/04/2013 - 10:02
Port Louis - Mauritius' economy will expand by 3.7 percent this year, slightly below potential due to subdued demand from its main markets and modest private investment, and will accelerate to 4.4 percent in 2014, the International Monetary Fund said.
India prepares tough drought measures
31/07/2012 - 08:16
New Delhi - Indian ministers will meet on Tuesday to discuss measures to deal with a feared drought, including curbs on commodity derivatives, extra subsidies to farmers and the distribution of seeds, but are not expected to ban farm exports.
Researchers want healthier food made cheaper
05/07/2012 - 09:16
The government needs to do more to protect South Africans from the lure of junk food by making healthier food cheaper and more readily available, say researchers from the University of the Western Cape.
Coca-Cola reverses decision to dump orange suppliers
08/03/2012 - 09:54
Soft drinks giant Coca-Cola will continue to source oranges from local Italian suppliers after initially saying it would drop them following reports of poor working conditions among fruit pickers.
Water-wise cane excites Coke
13/02/2012 - 09:13
The South African sugar industry’s greatest challenges are lack of access to sufficient water and growing the expertise of its small farmers, says the Coca-Cola Company’s water and sustainable agriculture director, Denise Knight.
Sugar prices to remain volatile into 2013
27/01/2012 - 09:28
Sugar prices are likely to remain volatile into 2013 according to the International Sugar Organisation (ISO) as global output matches demand.
Sugar, coffee rise
18/01/2012 - 10:22
Arabica coffee futures on ICE rose on Tuesday, boosted by a softer dollar and increased risk appetite following better-than-expected Chinese economic growth data.
Food price index ends year with sharp drop
13/01/2012 - 09:40
Food prices fell in December 2011 with the food price index dropping 2.4%, according to the UN Food Agricultural Organisation's monthly report.
Cocoa hovers near 8-week high
13/01/2012 - 08:21
Cocoa futures on ICE hovered below an 8-week high on Thursday, as the market consolidated after this week's steep rally fuelled by a slowdown in port arrivals in top producer Ivory Coast.
09/01/2012 - 07:49
ICE sugar steadied but a stronger dollar helped push arabicas lower on Friday, after slides in both commodities the previous day, while cocoa was little changed with prices capped by ample African supplies.
France fines washing powder firms
09/12/2011 - 08:25
Paris/Frankfurt - France’s competition authority slapped fines totalling $484m on Colgate Palmolive, Henkel and Procter & Gamble for fixing prices of washing powder in France from 1997 to 2004.
Massmart achieves best performer status in latest JSE SRI Index
07/12/2011 - 10:44
Massmart has been recognised as one of the best performers in the medium environmental impact category of the JSE’s 2011 Socially Responsible Investment (SRI) Index, the results of which were announced yesterday (6 December 2011). According to the results, the group's environmental and climate change practices were recognised as constituting best practice.
Australia approves Foster's takeover
28/11/2011 - 07:50
Sydney - Australia on Friday approved brewer SABMiller's AU$9.9bn takeover of Foster's, but with strict conditions that will see key operations remain in the country.
Illovo ups revenue, warns on output
23/11/2011 - 08:39
Johannesburg - Illovo Sugar [JSE:ILV] posted a 12% rise in first-half earnings on Wednesday helped by currency weakness and cost cutting but said output was still struggling to recover from a 2010 drought in KwaZulu-Natal province.
World premiere: instant genuine-or-fake authentication
17/11/2011 - 11:05
AlpVision has made a big step forward in providing mobility for on the fly “Genuine or Fake” verification of molded parts with an iPhone4 mobile device. The application is suitable for many items, for example for fast-moving consumer goods containers for liquid, powder or tablets, which are present in millions of stores worldwide. Molded parts are heavily used in toys, footwear, home appliances, circuit breakers and many other products in industrial and consumer markets.
CPA 'plain language' poser
16/11/2011 - 08:28
The Consumer Protection Act's requirement that information about products and services be presented to consumers in "plain and understandable" language, is challenging lawyers to find a legally acceptable consensus on how such language can be defined and applied in a way that complies with the law.
Tiger Brands forecasts higher profits
15/11/2011 - 10:23
Branded fast-moving consumer packaged goods company Tiger Brands (TBS) said on Tuesday that it expected headline earnings per share (HEPS) to reflect an increase of between 10% and 15% for the year ended September 2011, from R13.93 previously.
Sugar industry ready for green energy
07/11/2011 - 08:20
Cape Town – The sugar industry in South Africa is seriously ready to make a large contribution to renewable energy, but is not receiving the necessary support from government, say industry leaders.
Sugar seeks new outlets in changing times
01/11/2011 - 08:22
The industry needs to diversify into power generation, ethanol production to survive, writes Neels Blom
Cadbury to launch confectionery range in new packaging
05/10/2011 - 10:53
UK-based brand and packaging design agency Slice Design has created a new look for Kraft Foods' Cadbury’s range of Christmas confectionery.
Grain and oilseeds joint venture in South Africa to go ahead
03/10/2011 - 13:45
The Competition Commission has approved a joint venture agreement between Bunge SA and Senwes Limited and has issued a merger clearance certificate.
Growing the mushroom business
28/09/2011 - 09:56
Denny Mushrooms, recently sold by AVI as branding mushroom products was no longer viable in the face a wide range of cheaper imported products, will look to grow its business by increasing sales among upper-income black consumers.
Boost for BOS brand
28/09/2011 - 09:17
Local ice-tea brand gets a boost with news that Manchester United manager Sir Alex is taking a 10% stake, InVenFin part of investment giant Remgro is taking 20%
PepsiCo toasts agricultural partnership with Chinese government
23/09/2011 - 11:24
PepsiCo has signed a Memorandum of Understanding with the Ministry of Agriculture of the People's Republic of China to promote "sustainable agriculture projects".
World’s poorest face soaring food prices
23/09/2011 - 10:23
Report warns new round of food inflation with severe hikes in the price of basic foodstuffs is plunging many of the world’s poorest people into deeper poverty and into situations of severe hunger and malnutrition
Bunge-Senwes deal passed
23/09/2011 - 10:16
The Competition Commission has approved a joint-venture agreement between global agribusiness and food company Bunge Europe and South African agribusiness company Senwes to develop grain and oilseed operations in SA.
Russian wheat seeks new markets
21/09/2011 - 10:15
Russian wheat exporters aim to ramp up sales to nascent markets such as South America due to their cheap price edge, which may also give a boost to freight rates which are struggling with a ship glut.
Ububele profits down
16/09/2011 - 12:34
Ububele Holdings on Thursday posted a drop in headline earnings per share from continuing operations to 4.75 cents in the year ended June, from 8.30 cents previously.
Consortium buys Denny Mushrooms
15/09/2011 - 10:43
A consortium consisting of key management members, RMB Ventures and Pan-African Private Equity Fund 1 have concluded a management buyout of Denny Mushrooms.
Confectionery sector leads launch activity in first half of 2011
13/09/2011 - 08:31
Innova Market Insights reports that confectionery was the leading food and drinks sector in terms of global launch activity in the first half of 2011. This occurred despite the industry having a rough ride in 2010, as a result of rising prices in the wake of increasing raw material costs, particularly for cocoa and sugar.
Standard Bank sees sugar output growth in Africa
12/09/2011 - 09:38
South Africa's Standard Bank expects sugar production in Africa to grow, supported by increased demand and firmer prices, its head of investment banking said.
Tiger Brands Can Use Debt as ‘Firepower’ for African Purchases, CEO Says
09/09/2011 - 10:10
Tiger Brands Ltd. (TBS), South Africa’s largest food company, said it can boost its levels of debt to make acquisitions across the continent as it expands outside its home market.
Clover forecasts higher profits
09/09/2011 - 09:03
Clover Industries (CFR) said on Thursday that headline earnings per share for the 2011 financial year were likely to increase to 113.84 cents from 33.07 cents previously.
Strong consumer demand boosts AVI
05/09/2011 - 12:55
Johannesburg - Branded consumer products group AVI [JSE:AVI] on Monday reported a 31.1% rise in diluted headline earnings per share (Heps) from continuing operations to 239.7 cents for the year ended June 2011, from 182.9c a year ago. Heps from continuing operations was up 31% to 248c.
Denny Mushroom merger approved
02/09/2011 - 16:09
Johannesburg - The Competition Tribunal has approved the merger between Blue Falcon and Denny Mushrooms.
GI and Diabetes SA endorsement logos get official approval
26/08/2011 - 10:55
The GIFSA and Diabetes SA endorsement logos have been officially approved by the Dept of Health, reports Jan Delport of the GI Foundation of South Africa. R146, the new labelling regulations, requires all food endorsement logos to get approval from the DoH.
Country Bird posts profit increase
24/08/2011 - 08:14
Poultry producer Country Bird Holdings (CBH) on Tuesday posted a 178% rise in diluted headline earnings per share to 64.57 cents for the year ended June, from 23.25 cents in the previous comparable period.
Kraft Foods: going separate ways
19/08/2011 - 11:38
Last week Kraft Foods announced its intention to split into a global snacks business with estimated sales of US$32bn and a US grocery business with
The search is on for SA's best olive oils
19/08/2011 - 09:39
South Africa’s top olive oils have just been put to the test at the Nederburg Auction Complex in Paarl during the judging of the sixth olive oil competition presented by SA Olive, the voluntary association representing the SA olive industry. Exciting news is that an internationally renowned judge has joined the formidable South African judging panel. In addition, the competition drew 58% more entries than previous years.
Two major newcomers plan to spice up SA's FMCG food market
17/08/2011 - 15:59
SA’s fast-moving consumer goods (FMCG) market is set for a shakeup. At the retail level Walmart will see to it. At the product-supply level two new foreign entrants, Iffco Worldwide and Diplomat, aim to do the same, reports The Financial Mail.
SABMiller make new offer for Foster’s
17/08/2011 - 08:40
SABMiller has made a new offer to acquire the Australian brewer after the original offer was rejected
Bright Food Says It’s Agreed to Buy Majority Stake in Australia’s Manassen
15/08/2011 - 10:29
Bright Food Group Co., China’s second-largest food company, agreed to buy a majority stake in Australia’s Manassen Foods.
Nestle’s Biggest Takeover in China Creates 23% Return at No Risk: Real M&A
15/08/2011 - 10:17
Nestle SA’s biggest acquisition in China is giving traders a chance to reap a 23 percent profit without the risk of losing any money on the deal.
Warning of spike in commodity and food prices
15/08/2011 - 09:32
South Africans should brace themselves as commodity and food prices are expected to be a lot higher next year, driven mainly by unreliable weather, the Bureau for Food and Agricultural Policy says.
Starbucks Supplier May Buy Instant Coffee Maker
12/08/2011 - 09:33
Tata Coffee Ltd, Asia’s largest publicly traded grower of the bean, plans to spend more than five billion rupees ($110 million) to acquire an instant coffee maker in Europe in a bid to boost profit margins.
Rosenfeld wakes market with Kraft split plan
08/08/2011 - 09:27
Kraft Foods Inc (KFT.N: Quote) CEO Irene Rosenfeld ended her victorious five-month battle for British chocolatier Cadbury last year saying she wanted a good night's sleep.
Is Augmented Reality right for your brand?
05/08/2011 - 08:56
Augmented reality (or "AR," is it?) is the next "it" when it comes to marketing. Big time players like BMW, Ben & Jerry's Ray-Ban, and eBay -- and even those without a "B" in their name, such as Audi -- are jumping on the augmented reality bandwagon.
Adcock Ingram acquisition of NutriLida gets Competition Commission Approval
04/08/2011 - 15:10
Adcock Ingram has been given unconditional approval by the Competition Commission to acquire Johannesburg-based supplements business NutriLida Healthcare. The acquisition, which comes into effect on 1 August 2011, will further strengthen Adcock Ingram’s position as the leader in the vitamins, minerals and supplements (VMS) market, while increasing its market share in the broader fast moving consumer goods (FMCG) market.
Expert: Walmart gives SA global reach
27/07/2011 - 10:16
Johannesburg - South Africa is not benefiting from "global value chains", but Walmart's acquisition of Massmart Holdings offers some hope, Professor Stephen Gelb of the University of Johannesburg said on Tuesday.
Walmart to sell SA hake
26/07/2011 - 10:31
Johannesburg - Lonrho's seafood division Oceanfresh is to supply hake fillets to Walmart stores in the US from October, it said on Monday.
Kellogg’s real people, real lives, real stories
25/07/2011 - 14:06
When you want to hear the truth, get it straight from your target market’s mouth! That’s the premise of Kellogg’s All-Bran’s new television campaign, featuring real brand advocates.
Govt doesn't want to block Walmart deal
25/07/2011 - 10:44
Johannesburg - Government is not seeking to overturn competition regulators' approval of Walmart buying control of local retailer Massmart Holdings, but wants tougher conditions for the deal, the Business Day newspaper reported on Monday.
Walmart deal hits Massmart profit
25/07/2011 - 09:53
Retail group Massmart Holdings said on Monday it is expecting headline earnings per share of between 397c and 442.4c for the 52 weeks to June 26 2011.
State won't veto Walmart deal - official
22/07/2011 - 14:04
Cape Town - The government is not considering a veto of the Walmart-Massmart merger, but believes public interest concerns make a review essential, economic development director-general Richard Levin told MPs on Thursday.
State’s court bid to undo Walmart merger
21/07/2011 - 11:04
IN A move that will set alarm bells ringing in the minds of potential investors, the government is seeking to overturn the Competition Tribunal’s decision to allow Walmart’s takeover of Massmart .
Illovo expands green power projects
21/07/2011 - 10:00
ILLOVO Sugar, Africa’s largest producer, is growing its biofuels and power generation capacity as it expands production outside SA.
Caturra Coffee Company offers 100% compostable packaging
21/07/2011 - 08:58
Caturra Coffee Company allies with Natureflex™ films to offer 100% compostable packaging to FMCG and the Horeca Industry
Walmart/Massmart merger legislation sufficiently robust to protect interests of all stakeholders
20/07/2011 - 15:48
In line with the revised parliamentary portfolio committee hearing rules announced by the Chairperson of the portfolio committee at the start of proceedings yesterday, Massmart CEO Grant Pattison’s submission before parliament today dealt primarily with the competition approval process, while highlighting some of the merger benefits.
Walmart pledges to spend R60bn on food
20/07/2011 - 14:30
Cape Town - Walmart's South African operations plan to purchase R60bn worth of food locally and employ 15 000 people over the next five years, Massmart CEO Grant Pattison said on Wednesday.
Woolworths profit to jump
19/07/2011 - 09:23
Johannesburg - Retailer Woolworths Holdings has reported group sales increased 9.4% for the year ended June 26 2011, with sales in comparable stores up 6.3%.
Massmart announces senior appointment to head up R100 million Supplier Development Programme
15/07/2011 - 10:01
In line with Massmart and Walmart’s commitment to develop local suppliers, Massmart announced the appointment of Mncane Mthunzi, current CEO of the Consumer Goods Council of South Africa (CGCSA), as Supplier Development Executive.
Walmart hearing may launch debate on new laws
14/07/2011 - 10:45
LOCAL competition attorneys plan to use next week’s parliamentary hearing into Walmart’s takeover of Massmart as an opportunity to warn against meddling with the country’s antitrust legal framework.
AVI sells Denny Mushrooms
13/07/2011 - 10:53
Johannesburg - Food group AVI will sell 100% of the issued share capital of and AVI's shareholder claims against Denny Mushrooms to Blue Falcon 134 Trading.
Massmart wants 100% of Fruitspot
12/07/2011 - 14:36
South African discount chain store Massmart , majority controlled by US giant retailer Wal-Mart , is looking to take over fruit and vegetable supplier The Fruitspot, a spokesman said on Tuesday.
Nestlé buys 60% of Chinese confectioner
12/07/2011 - 08:56
Singapore - Nestlé, the world’s largest food company, is paying a hefty $1.7bn for a 60% stake in confectioner Hsu Fu Chi International to move deeper into fast-growing markets in China.
Massmart sales up 12% over past year
11/07/2011 - 09:15
Johannesburg - Retailer Massmart Holdings said on Thursday that for the 52 weeks to 27 June 2011, total sales increased to R53bn - growth of 11.7% over the prior period - and comparable store sales grew 5.2%.
“Walmart effect” in South Africa as Pick n Pay supermarket to cut over 3000 jobs
11/07/2011 - 08:49
8 July 2011 - Nyon, Switzerland: UNI Global Union said today that the announcement from South African supermarket chain Pick n Pay that it plans to cut about 3137 jobs from its workforce is a clear sign of the “Walmart effect” it believes the world’s biggest retailer will have on South Africa as it prepares to enter the country.
SA retailers lose allure after Walmart
08/07/2011 - 16:42
Johannesburg - After a stellar run in the months leading up to US retailer Walmart’s R16.5bn bid for Massmart, South African retailers are now seen offering little value to investors.
Retailers: Beating Multinationals at their Own Game
06/07/2011 - 15:03
Walmart, the world’s largest retailer, is going ahead with its R16-billion acquisition of Massmart’s operations in South Africa, over the next five years. “Its entry poses major challenges for new and existing retailers locally, but it also presents opportunities for growth in terms of new technologies, improving supply chain efficiencies, global outsourcing and lower food and consumer goods prices,” says John Thomson, Managing Director of Exhibition Management Services, organisers of the Southern African International Trade Exhibition (SAITEX).
Massmart eyes online retail
05/07/2011 - 10:54
Massmart, which has just merged with US retail giant Walmart, is slowly gearing up to enter the burgeoning market of online retailing.
How to Survive and Thrive when New Competition Comes to Town
05/07/2011 - 00:00
Walmart’s entry into South Africa is set to have a profound and far-reaching impact on Africa’s retail supply chain. What are some of the ‘must do’s’ that every retailer will have to action to survive? How can smaller retailers meet the challenge? What will be the benefits and disadvantages of Walmart’s presence in the South African market? How will that impact local retailers?
Coega to include dairy plant
04/07/2011 - 07:48
Johannesburg - The Coega Development Corporation (CDC) will launch a dairy processing plant with an initial investment of R50m in September, it said on Wednesday.
Cosatu guns for Walmart, youth subsidy
01/07/2011 - 09:45
Johannesburg - Trade union federation Cosatu said on Thursday it is determined to see labour brokers banned, and said organised labour is facing two new threats in the form of Walmart and the youth wage subsidy.
Tribunal: Walmart will create jobs
30/06/2011 - 12:34
Johannesburg - Walmart's acquisition of a majority stake in Massmart Holdings raised no competition concerns, but did raise some public interest issues, the Competition Tribunal said on Wednesday.
What can The Cloud offer the FMCG world?
28/06/2011 - 13:32
Tighter margins and the constant need to reduce costs is placing enormous pressure on FMCG companies, who not only now compete in an environment of intense global competition, but who also need to shift fresh goods across an increasingly complex and often disjointed global supply chain.
Union pursues Walmart appeal
28/06/2011 - 13:07
Johannesburg - The South African Commercial Catering and Allied Workers' Union (Saccawu) has filed an appeal against the already-approved takeover of local retailer Massmart Holdings by US retail giant Walmart.
New tech for old fruits
28/06/2011 - 11:54
Green Cell Technologies' enhanced extraction process has transformed the fruit juice manufacturing industry.
Bribery Act spells trouble for UK food exporters
28/06/2011 - 11:39
A top lawyer has expressed concern that the UK's pending Bribery Act could lead to difficulties for food manufacturers exporting or producing abroad, especially to ‘high risk’ countries.
Customers to realise immediate benefits from Walmart investment in Massmart
27/06/2011 - 07:29
Early start to the principle of “saving people money so they can live better”, a goal to create 15,000 new jobs and an additional R60 billion in food and FMCG procurement.
AVI sees earnings rise of at least 23%
23/06/2011 - 12:00
Johannesburg - Consumer group AVI expects consolidated headline earnings per share for the year to June to increase by between 23% and 33%, compared with the previous year.
Lovely lolly for Lamberti - Walmart deal brings in R249m to the top three at Massmart
23/06/2011 - 09:18
MARK Lamberti, chairman of Massmart, Grant Pattison, the CEO, and Guy Hayward, the CFO, cashed in shares worth R249-m as Walmart consummated its offer for 51% of the shares of Massmart.
Interview with Dale Good, CEO of GLS Supply Chain Equipment
23/06/2011 - 08:45
Last week we had the opportunity to sit down with Dale Good, CEO of GLS Supply Chain Equipment, and talk about the current state of distribution and logistics in South Africa. He gave us exclusive insights into the industry and offered his advice on how SA can optimise its operations and in doing so catch up with its foreign counterparts.
Wage talks deadlock
22/06/2011 - 12:34
Wage negotiations in the chemical, wood and paper sectors have deadlocked, the Chemical, Energy, Paper, Printing, Wood and Allied Worker' Union (Ceppwawu) said on Tuesday.
Not intended for sale in SA
22/06/2011 - 10:42
SHARP-eyed shoppers may have noticed some unfamiliar brands, or different variants of well-known brands, on the shelves in Shoprite/Checkers stores lately.
Retail sales rise sharply in bumper April
20/06/2011 - 08:16
Retail sales rose sharply in April, with annual growth jumping to 9.8 percent from 5.3 percent in March and far surpassing a consensus forecast of a 5.1 percent rise.
Squeeze on Shoppers Continues into May, state Synovate Retail Performance
15/06/2011 - 14:38
The latest footfall data from Synovate Retail Performance post further disappointing news for retailers. The UK Retail Traffic Index (RTI), the national indicator of non-grocery store footfall, shows that shopper numbers fell by 4.0% in May against the same month of 2010. Against April, there was a 3.4% decline.
Woolworths shares fall
14/06/2011 - 10:45
Shares of South Africa's Woolworths drop 2.6 percent as the retailer enters a closed period in which it will repurchase ordinary shares worth up to 500 million rand ($73.48 million).
Brics to welcome new African trade area
14/06/2011 - 10:36
Johannesburg - The $1 trillion agreement to create a free trade bloc of African countries, signed by African leaders over the weekend, would serve as a considerable boost to the Brics accord, said Miller Matola, CEO of the International Marketing Council, on Monday.
Namibian court okays Wal-Mart's deal
13/06/2011 - 14:26
Wal-Mart has been given the go-ahead by a Namibian court to implement its $2.4 billion takeover of South African retailer Massmart pending an appeal to have conditions attached to the deal, a newspaper said on Friday.
The Power of On-Pack Cross Promotions
07/06/2011 - 14:52
Research commissioned by the Point of Purchase Advertising Institute, the global organisation for marketing in retail shows that not more than 50% of marketing budgets are allocated to below-the- line advertising when this is in fact where purchasing decisions are made.
Old Mutual Trophy Wine Show 2001 Awards - An Unsurprising Surprise
06/06/2011 - 15:06
In the most closely contested race since the inaugural event in 2002, Spier edged ahead of Thelema Mountain Vineyards to take the Fairbairn Capital Trophy for the Top Producer at the 2011 Old Mutual Trophy Wine Show.
Walmart to focus on SA culture
06/06/2011 - 10:18
Cape Town - Walmart was apparently not surprised to find, in its research on South Africa, that most South Africans did not know the company at all.
Animal health tender won
03/06/2011 - 12:14
Cipla Agrimed, an animal health company, won a tender last month to supply all the nine provinces with several animal health products. Jerome Smith, the chief executive of holding firm Cipla Medpro, said yesterday.
6000 fishing workers on strike
03/06/2011 - 11:38
About 6000 Food and Allied Workers' Union members in the pelagic fishing sector will embark on a legal strike at various plants on the West Coast, in Gansbaai and Hout Bay, on Friday at noon, the union said.
Pyro Inspiration Awards third round selection
03/06/2011 - 10:33
Pyrotec has announced the third round of finalists for the 2011 Pyro Inspiration Awards, which aims to award innovative and exceptional on-pack devices.
Walmart to focus on frozen foods
03/06/2011 - 08:16
Rogers, Arkansas - As Walmart expands its international business, the company wants to bring ideas from Massmart Holdings [JSE:MSM] to other markets, company executives said on Thursday.
Illovo earnings drop 34%
30/05/2011 - 10:20
Illovo Sugar on Monday reported that drought and the strong currency had impacted earnings which dropped 34% - although the group believes 2011 should show improved growth.
Tongaat profit hit by drought
30/05/2011 - 07:30
Johannesburg - Tongaat Hulett, a producer of sugar and starch, on Monday reported a 4% drop in full-year profit, hit by a drought in South Africa, but said it expects earnings to rise in the year ahead.
Illovo raises $134 mln for expansion
16/05/2011 - 12:25
South Africa's Illovo Sugar said on Monday it has raised 940 million emalangeni ($134 million) to finance expansion at its unit in Swaziland.
SA firm to boost Zambia sugar output by 50%
04/04/2011 - 00:00
Lusaka - A South African company plans to build a R1.7bn sugar and bio-ethanol plant in Zambia, one of the largest non-mining investments in recent years in Africa's biggest copper producer, an official said on Saturday.
Illovo chair, finance head out
24/03/2011 - 00:00
Johannesburg - Illovo Sugar [JSE:ILV] on Thursday announced the resignation of its chairperson, Robert Williams, and financial director, Karin Zarnack.