FOOD AND BEVERAGE NEWS ON FASTMOVING

Johannesburg - Manufacturing production increased by 3.9% year-on-year (y/y) in January after an unrevised 2.0% (y/y) rise in December‚ data released by Statistics SA on Thursday showed. read more

Johannesburg - South African household expenditure increased 24.6% between 2005/2006 and 2010/2011, Stats SA said on Tuesday.  read more

Consumer group AVI (AVI) on Monday posted a 30% jump in diluted headline earnings per share from continuing operations to 187 cents in the six months ended December 2011, from 143.3 cents a year earlier.  read more

Johannesburg - Some brands of maize meal do not contain the level of nutrients required by law, the National Consumer Forum (NCF) said on Wednesday. read more

Spar Group emerged from a challenging consumer environment with a 10.4% growth in turnover and 3.9% increase in earnings as reported earlier this month in a performance partly boosted by the resilience of its liquor outlet, Tops. read more

Income from freight transportation for September increased by 20.5% compared with September 2010, and compared with a 14.7% rise in August 2011, data from Stats SA on Monday showed. read more

Total income generated by SA's food and beverages industry lifted 7.2% in September from the same period a year ago, with food sales up 8.6% alone, according to Statistics SA data on Monday. read more

Johannesburg - Industrial group AVI's group revenue for the quarter ended September 2011 was 10.9% higher than the same period in the prior year, largely due to improved sales volumes in most of its key units. read more

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. read more

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.  read more