Advertise with fastmoving.co.za
 
 

PIONEER FOODS NEWS ON FASTMOVING

Subscribe to pioneer foods

Pioneer shareholders give nod to PepsiCo deal

Pioneer shareholders give nod to PepsiCo deal

16/10/2019 - 08:25
Shareholders of Pioneer Foods, the owner of brands such as Sasko bread and Ceres juices, have voted almost unanimously in favour of delisting the company, after a $1.7bn bid by PepsiCo. read more
Pioneer Foods confident competition authorities won't reject R24.4bn PepsiCo deal

Pioneer Foods confident competition authorities won't reject R24.4bn PepsiCo deal

25/07/2019 - 15:00
Pioneer Foods CEO Tertius Carstens is confident that the company’s R24bn takeover by PepsiCo will be approved by competition authorities, as he believes the acquisition has no negative implications for local industries. read more
Pioneer Foods deal will be PepsiCo's biggest in Sub-Saharan Africa

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. read more
Food and beverages giant PepsiCo makes offer to acquire Pioneer Foods

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 to buy Pioneer Food Group, which makes Sasko breads and Ceres juices, in a deal worth at least R25.4bn. read more
Pioneer Foods’ shares plunge to six-year low on earnings decline

Pioneer Foods’ shares plunge to six-year low on earnings decline

20/05/2019 - 16:24
Shares in Pioneer Foods, which makes Sasko bread and Ceres juice, plunged to a six-year low after the group said it was struggling to pass on higher costs to consumers. read more
 Pioneer Foods boosted by higher prices

Pioneer Foods boosted by higher prices

18/02/2019 - 08:54
Higher prices of bread, wheat flour, rice and export fruit boosted branded foods and beverages producer Pioneer Foods’ performance in the four months ended January 31. read more
Pioneer Foods puts drought behind it

Pioneer Foods puts drought behind it

21/05/2018 - 09:42
Pioneer Foods enjoyed an improved performance in the six months to March, helped in part by a low base created in the year-earlier period when it was still dealing with the effects of the drought.  read more
Pioneer expects solid recovery from last year’s torrid first half

Pioneer expects solid recovery from last year’s torrid first half

19/04/2018 - 11:35
Earnings rose as much as 32%, and although revenue dipped, sales volumes rose and market share of some if its main brands either grew or was stable. read more
Price deflation in soft commodities hit Pioneer Food's turnover

Price deflation in soft commodities hit Pioneer Food's turnover

09/02/2018 - 11:05
South Africa’s Pioneer Food Group reported on Friday a 2.4 percent drop in turnover for the three months ended December, largely due to sales price deflation in soft commodities. read more
Sugar tax effect smaller than thought, says Pioneer Foods

Sugar tax effect smaller than thought, says Pioneer Foods

21/12/2017 - 14:29
The health promotion levy, or sugar tax, will not be as negative for beverage producers as has been initially expected, Pioneer Foods says in its latest integrated report for 2017. read more
Pioneer Foods' full-year profit plunges on lagging effects of drought

Pioneer Foods' full-year profit plunges on lagging effects of drought

21/11/2017 - 10:07
Pioneer Foods sees a recovery in the 2018 financial year after disappointing results in the year to September. read more
Heinz Foods SA to become wholly owned subsidiary of Pioneer

Heinz Foods SA to become wholly owned subsidiary of Pioneer

07/11/2017 - 08:52
US multinational Kraft Heinz is selling its 50.1% stake in its South African operations to joint-venture partner Pioneer Foods for an undisclosed amount. read more
Rhodes Food falls 4.5% after earnings warning

Rhodes Food falls 4.5% after earnings warning

30/10/2017 - 17:15
The share price of Rhodes Food fell 4.5% to R19 on Monday morning after it warned that earnings had fallen by up to 30%. read more
Pioneer’s shares fall after profit warning

Pioneer’s shares fall after profit warning

23/10/2017 - 10:34
Pioneer Foods’s share price fell 6% to R110.62 after it warned shareholders its earnings for the year to end-September had halved. read more
PIONEER FOODS: Shake-up spooks the market

PIONEER FOODS: Shake-up spooks the market

14/09/2017 - 15:58
As the food group faces a tough second half, uncertainty around the CEO’s sudden resignation has also taken a toll. read more
Pioneer shares plummet in the wake of CEO's exit

Pioneer shares plummet in the wake of CEO's exit

05/09/2017 - 10:10
The share price of consumer brands conglomerate Pioneer Foods plunged on Friday on news that highly rated CEO Phil Roux would retire in October. read more
Acquisitive Rhodes escapes drought woes

Acquisitive Rhodes escapes drought woes

23/05/2017 - 12:29
Acquisitive food producer Rhodes appears to have survived the drought better than its larger rivals, reporting both turnover and profit growth for the first half of its financial year. read more
Pioneer mum on nixed deal

Pioneer mum on nixed deal

05/05/2017 - 14:19
There is speculation about the details of a potential deal that did not materialise after SA’s credit rating was downgraded.  read more
Downgrades clip Pioneer’s wings

Downgrades clip Pioneer’s wings

24/04/2017 - 14:01
The food and beverage manufacturer’s expansion into Africa and other territories would have allowed for growth, says analyst.  read more
Tiger Brands ‘solid’ but Pioneer sees profit drop

Tiger Brands ‘solid’ but Pioneer sees profit drop

24/02/2017 - 14:49
Drought hits Pioneer’s earnings, while a ‘solid domestic market’ saves Tiger Brands from weak trading conditions across Africa. read more
Rhodes and Pioneer warn over drought

Rhodes and Pioneer warn over drought

22/11/2016 - 09:56
Strain could be felt in 2017, food producers say as country swings to importing white maize  read more
Pioneer Foods aqcuires a strategic stake in Weetabix East Africa

Pioneer Foods aqcuires a strategic stake in Weetabix East Africa

16/11/2016 - 16:08
Pioneer Foods Group Limited announced today that it would acquire a 49.8% stake in major FMCG manufacturer Weetabix East Africa Limited for an undisclosed amount. This will establish a strategic beachhead for Pioneer Foods in East Africa and the opportunity to build a significant cereal position in the region. read more
Pioneer Food forecasts earnings growth, despite challenges

Pioneer Food forecasts earnings growth, despite challenges

26/10/2016 - 10:10
Fast-moving consumer goods company Pioneer Food Group expects to deliver credible full-year results, despite the effects of the drought, which have already put a squeeze on the company’s interim earnings. For the year to end-September, Pioneer will report an increase in headline earnings per share of between 30% and 40%, from headline earnings per share of 665c in the previous year. read more
Tiger Brands’ immunity queried

Tiger Brands’ immunity queried

04/04/2016 - 10:46
The long-running probe into the milling cartel on Thursday encountered an obstacle that could strip Tiger Brands of the immunity it received from the Competition Commission for providing information on maize price fixing. read more
Drought weighs on Pioneer

Drought weighs on Pioneer

15/02/2016 - 10:24
Johannesburg - Pioneer Foods Group said a drought in South Africa is weighing on earnings as soaring grain prices hit volumes and margins at the country’s second-biggest food maker. read more
Food makers can’t cope

Food makers can’t cope

19/01/2016 - 10:39
Johannesburg - South Africa’s worst drought on record, a plunging currency, and debt-burdened consumers are weighing on the country’s biggest food producers, who may sacrifice profits in order to keep prices affordable and preserve market share. read more
Account Gains – Pollination process at HoneyKome continues

Account Gains – Pollination process at HoneyKome continues

28/07/2015 - 11:01
Working on products as diverse as the likes of Garnier, Vodacom, the PSL, and Pioneer Foods, to mention a few, HoneyKome has racked up a wide range of expertise in the Digisphere. With a history of delivering successful digital solutions across various marketing and communication disciplines (often with a 'real world' cross over, too,) the team at HoneyKome has seen some excellent new account gains in recent months. read more
Pioneer Foods plans more African acquisitions

Pioneer Foods plans more African acquisitions

19/03/2015 - 12:03
Lagos - Pioneer Foods Ltd, a South African food and beverage producer, plans acquisitions in at least five more African countries after taking a majority holding in Nigerian competitor Food Concepts PLC.  read more
Bread market ‘competitive’ in KwaZulu-Natal and Western Cape

Bread market ‘competitive’ in KwaZulu-Natal and Western Cape

13/03/2015 - 11:48
The bread market in KwaZulu-Natal and the Western Cape has become "very competitive" on prices, according to Tiger Brands, which owns the Albany brand. read more
Pioneer profit up as PepsiCo contract ends

Pioneer profit up as PepsiCo contract ends

25/11/2014 - 11:16
Johannesburg - Pioneer Food said profit rose 35 percent as the South African company recovered from a 2013 write-down of the poultry unit it spun off.  read more
AVI’s group revenue up despite consumer constraints

AVI’s group revenue up despite consumer constraints

04/11/2014 - 09:12
Despite the constrained consumer environment, demand for AVI’s brands was sound, chair Gavin Tipper said at the group’s annual general meeting on Thursday. read more
Pioneer Foods details Quantum spin off

Pioneer Foods details Quantum spin off

19/09/2014 - 09:17
Johannesburg - Pioneer Foods, a South African cereals and fruit-juice producer, will offer investors one Quantum Foods Holdings share for every Pioneer security as its poultry company prepares an initial public offering.  read more
Meal products modified

Meal products modified

31/07/2014 - 14:49
Bokomo Foods Namibia said this week that it has upped its game in the maize meal sector with the introduction of its new and improved range of Special, Super, and Unsifted maize meal products.  read more
Egg producer apologises for abuse

Egg producer apologises for abuse

13/06/2014 - 09:06
Egg producer Quantum Foods, a subsidiary of Pioneer Foods, had unreservedly apologised for the abusive treatment laying hens received at its Phokeng depot in Rustenburg, the National Society for the Prevention of Cruelty to Animals (NSPCA) said on Wednesday. read more
Pioneer to slash jobs in cost cut drive

Pioneer to slash jobs in cost cut drive

21/10/2013 - 11:17
Johannesburg - Food manufacturer Pioneer Foods [JSE:PFG] is cutting jobs as part of a restructuring process to reduce costs in the face of constrained consumer spending, its chief executive has said.  read more
Pioneer Foods expects slower spending

Pioneer Foods expects slower spending

21/05/2013 - 07:49
Pioneer Foods Ltd. said it expects slower spending to curb its full-year performance. read more
Pioneer Foods appoints new chief

Pioneer Foods appoints new chief

25/02/2013 - 08:52
Johannesburg - South Africa's Pioneer Foods on Friday named a veteran executive from its main rival as its next chief executive, sending shares of the bread and cereal maker higher.  read more
Pioneer Foods MD to retire

Pioneer Foods MD to retire

18/10/2012 - 08:41
Johannesburg - Pioneer Food Group [JSE:PFG] has announced the retirement of André Hanekom as group managing director with effect from 31 March 2013. read more
Pioneer Food revenue up 10.5%

Pioneer Food revenue up 10.5%

05/09/2012 - 10:31
Johannesburg - Pioneer Food Group Limited [JSE:PFG] said in a trading update before its closed period that revenue for the eleven months to end August increased by 10.5% to R16.7bn with volumes contracting by between 2% and 4% on average in the group’s product basket as consumer spend remains constrained. read more
Pioneer foods BEE deal takes chunk out of earnings

Pioneer foods BEE deal takes chunk out of earnings

26/04/2012 - 09:29
The R160 million once-off, share-based payment charge that came into effect after phase two of Pioneer Foods’ broad-based black economic empowerment (BEE) transaction, could have an impact on the company’s interim results, which are scheduled for publication on May 21. The scheme was implemented in the third week of March read more
Pioneer Foods does R1bn second phase of BEE deal

Pioneer Foods does R1bn second phase of BEE deal

23/03/2012 - 07:55
Pioneer Foods had partially implemented phase two of its share issue to strategic black economic empowerment (BEE) partners worth more than R1 billion, the food producer said this week. It had issued more than 18 million shares at R58.72 each, which were listed on Monday. read more
Slowdown in spending hits Pioneer Foods

Slowdown in spending hits Pioneer Foods

19/03/2012 - 08:53
Pioneer Foods said in a trading update on Friday that revenue rose 13% in the five months to the end of February, but volumes fell by an average 4%-6% in the group’s product basket on lower consumer spending. read more
Pioneer in second phase of BEE deal

Pioneer in second phase of BEE deal

12/12/2011 - 08:48
Johannesburg - Pioneer Food Group (PFG) on Friday unveiled the second phase of its broad-based black economic empowerment (B-BBEE) deal to broaden and increase direct black ownership in the company. read more
Penalties hit Pioneer’s performance

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  read more
Pioneer lifts profit, outlook cautious

Pioneer lifts profit, outlook cautious

29/11/2011 - 07:49
Johannesburg - Pioneer Food Group [JSE:PFG] reported a jump in full-year earnings on Monday helped by increased sales and said cost pressures and consumer spending will influence its performance ahead. read more
Pioneer posts sharp profit hike

Pioneer posts sharp profit hike

23/05/2011 - 07:39
Johannesburg - Pioneer Food Group posted a sharp rise in first-half profit on Monday and said it sees a tough trading environment ahead as input costs rise and consumer spending patterns remain uncertain. read more
Pioneer results hit by penalty

Pioneer results hit by penalty

31/03/2011 - 00:00
Johannesburg - Pioneer Food Group [JSE:PFG] on Wednesday said its results for the first half ended March 31 will likely differ from last year's, as a result of the R350m it set aside to pay a penalty for anti-competitive behaviour. read more