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CONSUMER GOODS NEWS ON FASTMOVING

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AVI earnings slip as consumer spending remains constrained

AVI earnings slip as consumer spending remains constrained

09/09/2019 - 09:33
Consumer goods group AVI, whose brands include footwear retailer Spitz and Five Roses tea, trimmed its final dividend 4% in the year to end-June as it continued to feel the pinch from a constrained consumer environment. read more
Product mix boosts revenue of Denny owner Libstar

Product mix boosts revenue of Denny owner Libstar

13/08/2019 - 08:36
Consumer goods group Libstar said it managed solid volume growth for its core product offerings in the six months to end-June, but accounting changes will weigh somewhat on its interim headline earnings per share (Heps) growth.  read more
Kraft Heinz writes down more than $1bn as first-half revenue slumps

Kraft Heinz writes down more than $1bn as first-half revenue slumps

12/08/2019 - 12:30
Kraft Heinz’s net income halved in the first six months of the year, the packaged food maker said as it wrote down the value of several business units by more than $1bn in results delayed by an internal investigation into procurement practices. read more
Hisense’s new B2B offering gains traction as business in Africa booms

Hisense’s new B2B offering gains traction as business in Africa booms

10/07/2019 - 10:54
Hisense, supplier of affordable and high-quality electronic goods, is rapidly gaining traction across the continent’s business-to-business market and is poised to become a significant player in Africa, where it is already a leader within the consumer goods category.  read more
 Libstar banks on new food products

Libstar banks on new food products

14/03/2019 - 10:15
Consumer goods manufacturer and distributor Libstar, whose brands include Lancewood cheese and Denny Mushrooms, says it adjusted to the slowdown in consumer spending by launching hundreds of new food products.  read more
Shares in Denny owner Libstar jump on maiden dividend

Shares in Denny owner Libstar jump on maiden dividend

13/03/2019 - 13:49
Libstar, the consumer goods group that listed on the JSE in May 2018, announced a maiden cash dividend of 22c a share on Wednesday as profits after tax in 2018 edged 1% higher to R236m. read more
Growing import demand contributes to expanding logistics and warehousing sector

Growing import demand contributes to expanding logistics and warehousing sector

16/11/2018 - 11:05
The inflow of imports, most consumer goods, is contributing to increasing demand for storage, logistics and warehousing services in South Africa, and a clear correlation is visible in the trend of wholesale and retail trade sales in comparison to imports. read more
Consumer-goods manufacturer Libstar aims to raise R1.5bn

Consumer-goods manufacturer Libstar aims to raise R1.5bn

25/04/2018 - 08:42
The company plans to list on the JSE on May 9. read more
DRC temporarily bans import of key consumer goods

DRC temporarily bans import of key consumer goods

29/08/2017 - 08:49
Authorities have banned imports of several popular consumer products in the west of the Democratic Republic of Congo for six months to fight smuggling, Trade Minister Jean-Lucien Busa said on Monday.  read more
Consumer goods companies take strain

Consumer goods companies take strain

18/06/2017 - 14:04
CONSUMER goods companies have shown greater margin compression than growth in the most recent six-month reporting period. read more
Big decline in consumer goods industry

Big decline in consumer goods industry

14/06/2017 - 13:36
Consumer goods companies have been through the mill due to a slowdown in consumer spending, with interim earnings of 13 JSE-listed companies falling an average of 15%. read more
Consumer Goods Retailers and Manufacturers Transforming to Maintain Competitive Advantage

Consumer Goods Retailers and Manufacturers Transforming to Maintain Competitive Advantage

29/06/2016 - 16:13
Joint research from KPMG International and The Consumer Goods Forum reports a need for a deeper, multidimensional understanding of customers read more
China VAT hike to hit SA consumers

China VAT hike to hit SA consumers

30/09/2013 - 15:54
Johannesburg - China's decision to place a 6% VAT charge on freight and related costs is going to have an impact on the importing price from China, warned Asgar Mahomed, managing director of ICT distributor, Esquire Technologies. read more
AVI lifts headline earnings 8%

AVI lifts headline earnings 8%

12/03/2013 - 08:05
Johannesburg - Consumer goods group AVI [JSE:AVI] has reported an 8% rise in headline earnings per share to 210c in the six months ended December 2012‚ from 194.2c a year ago.  read more
Mondi posts slight drop in full-year earnings

Mondi posts slight drop in full-year earnings

21/02/2013 - 11:08
Johannesburg - South African Paper maker Mondi [JSE:MND] said on Thursday it expects to reap the benefit of recent acquisitions after reporting a slight drop in full-year earnings on lower prices. read more
Mondi buys 93% of Nordenia

Mondi buys 93% of Nordenia

12/07/2012 - 08:37
Johannesburg - Mondi [JSE:MND] plans to buy 93.4% of German packaging firm Nordenia International, it said on Wednesday, in a $782m deal that bolsters the paper maker’s consumer packaging business.  read more
Struggling Beige warns on prospects

Struggling Beige warns on prospects

11/07/2012 - 09:01
ALTX-listed consumer goods manufacturer Beige has blamed a R31,6m impairment to its investment in packaging company Crystal Pack for losses posted for the year to March, in its results released yesterday. read more
AVI forecasts higher profits

AVI forecasts higher profits

22/06/2012 - 07:51
Consumer goods group AVI advised on Thursday that consolidated headline earnings per share for the group’s continuing operations for the year ending 30 June 2012 are expected to increase by between 24% and 31% over the prior year. read more
Procter & Gamble May Need to Break Up, Bernstein Says

Procter & Gamble May Need to Break Up, Bernstein Says

15/06/2012 - 08:54
Procter & Gamble Co. (PG), the world’s largest consumer-products company, should consider breaking itself up if it doesn’t improve earnings this year, an analyst at Sanford C. Bernstein & Co. said today. read more
Groups welcome labelling decision

Groups welcome labelling decision

23/05/2012 - 09:12
Johannesburg - A government move to re-label Palestinian products was welcomed by the Muslim Judicial Council (MJC), the Media Review Network (MRN) and the SA Communist Party (SACP) on Tuesday. read more
CPI expected to be 6.3% year on year in February

CPI expected to be 6.3% year on year in February

20/03/2012 - 08:44
he consumer price index (CPI) - the measure used by the South African Reserve Bank (SARB) for its inflation target - is expected to have remained unchanged at 6.3% year on year (y/y) in February, according to a survey of leading economists by I-Net Bridge.  read more
Massmart expects better earnings

Massmart expects better earnings

01/02/2012 - 08:11
Johannesburg - Consumer goods distributor Massmart Holdings [JSE:MSM] advised on Tuesday that headline earnings per share (Heps) would be between 10%-18% higher, or 402.4 cents to 431.6c, for the six months to 25 December 2011. Excluding forex, earnings would be between 5% lower to 3% higher, or in a range of 374.4c to 405.9c per share. read more
SA CPI annual average 5.0% in 2011 (4.3% 2010)

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.  read more
Sugar, coffee rise

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.  read more
Tiger chair steps down

Tiger chair steps down

18/01/2012 - 08:47
Johannesburg - Tiger Brands [JSE:TBS] announced on Tuesday that its chairperson and director, Lex van Vught, will step down with effect from next month.  read more
U.S. Retail Sales Growth Will Slow to 3.4% This Year, NRF Says

U.S. Retail Sales Growth Will Slow to 3.4% This Year, NRF Says

16/01/2012 - 08:45
U.S. retail industry sales growth will shrink to 3.4 percent this year, hampered by the lingering housing slump, a trade group forecast.  read more
China undertakes to stabilise trade as global growth loses momentum

China undertakes to stabilise trade as global growth loses momentum

16/01/2012 - 08:36
Bloomberg Beijing - China would take drastic measures to stabilise its exports and imports as slowing global growth created a “grim situation” for trade, Zhang Xiaoqiang, the vice-chairman at the nation’s top economic planning agency, said on Friday.  read more
Wasteful consumer goods stress the planet

Wasteful consumer goods stress the planet

01/12/2011 - 09:04
Words by Pierre Heistein, the convener of the UCT applied economics for smart decision-making course The main focus of the UN climate conference currently being held in Durban will be on how the world economy can go about reducing its levels of greenhouse gas emissions.  read more
Tiger Brands still looking hard at Africa

Tiger Brands still looking hard at Africa

24/11/2011 - 09:02
TIGER Brands , SA’s largest food producer, was still "looking hard" for acquisitions in Africa, CEO Peter Matlare said yesterday, even after the company spent R2,1bn on the continent last year.  read more
Tiger Brands lifts earnings

Tiger Brands lifts earnings

23/11/2011 - 08:27
Johannesburg - South African consumer goods firm Tiger Brands [JSE:TBS] posted a 13% increase in full-year earnings on Wednesday, helped by higher sales but said it anticipates a tough trading environment ahead. read more
Kapital Mindz, Unilever head for showdown

Kapital Mindz, Unilever head for showdown

21/11/2011 - 07:53
Johannesburg - Public relations firm Kapital Mindz, headed by Vuyo Mkhize, on Sunday confirmed that it is being sued by former client Unilever for R4.6 million, and that it is counter-suing for R7.6 million. read more
‘Luxury goods to buck downtrends’

‘Luxury goods to buck downtrends’

17/11/2011 - 10:21
Sales of luxury goods are holding steady in developed countries because most affluent shoppers have retained their buying power, according to international credit rating agency Standard & Poor's (S&P). read more
Unilever Says 2011 Profitability May Drop as Raw Materials Costs Increase

Unilever Says 2011 Profitability May Drop as Raw Materials Costs Increase

03/11/2011 - 09:41
Unilever, the world’s second-biggest consumer-goods company, said profitability might fall this year amid higher prices for raw materials. read more