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Clover's R4.7bn deal gets Competition Commission nod

22/07/2019 - 10:12

The Competition Commission has approved, with conditions, the R4.8bn sale of branded foods and beverages group Clover Industries to a consortium led by Tel Aviv-based Central Bottling Company, Clover said on Friday. 

Clover’s shares surged strongly on Friday afternoon after the announcement and closed 11.9% up at R23.50. The company said the commission had recommended that the Competition Tribunal approve the transaction, which has elicited criticism from NGO Boycott, Divestment and Sanctions (BDS) and trade union Food and Allied Worker... 


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How to sell your wine in a changing market

22/07/2019 - 09:56

The future of wine is evolving and the industry has to adapt in order to survive and flourish. This is according to Robert Jo...

SA's most valuable brands

22/07/2019 - 09:34

SA's most valuable brands could be a source of growth and job creation for the company, says the head of Brand Finance, which...

Pioneer Foods deal will be PepsiCo's biggest in Sub-Saharan Africa

22/07/2019 - 09:04

The US food and beverages company says the deal, worth about R24bn, will boost the SA economy....

Shoprite Group’s employees plant a sustainable garden for Bedfordview's elderly on Mandela Day

22/07/2019 - 08:49

On Mandela Day, the Checkers Gauteng Division along with Johannesburg mayor, Herman Mashaba, planted a food garden for the el...

SAB close to acquiring Smirnoff drinks range

19/07/2019 - 11:27

South African Breweries (SAB) is a step closer to acquiring the Smirnoff ready-to-drink (RTD) range of products, mostly cider...

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...

Food and beverages giant PepsiCo makes offer to acquire Pioneer Foods

19/07/2019 - 10:18

In a vote of confidence about SA’s long-term prospects, New York-based food and beverages giant PepsiCo has made an offer t...