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TIGER BRANDS NEWS ON FASTMOVING

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South Africans are spending less on their weekly shopping trip

South Africans are spending less on their weekly shopping trip

23/05/2019 - 09:44
Tiger Brands, which carries brands including Koo canned foods, All Gold, and Tastic rice, said that revenue from continuing operations fell 2% to R15.4 billion in the interim period. read more
Tiger Brands reports lower sales in wake of the listeriosis crisis

Tiger Brands reports lower sales in wake of the listeriosis crisis

22/05/2019 - 09:29
Tiger Brands, which was named as the culprit in the 2018 listeriosis outbreak, says sales in the six months to end-March edged lower because of a slump in processed-meat sales and weak revenues from outside SA. read more
Tiger Brands to fight against listeriosis class-action lawsuit

Tiger Brands to fight against listeriosis class-action lawsuit

17/04/2019 - 13:02
Tiger Brands says it plans to put up a fight in a class-action lawsuit against the company relating to the deadly listeriosis outbreak of 2018. read more
Tiger Brands says margins are being squeezed

Tiger Brands says margins are being squeezed

21/02/2019 - 09:07
Tiger Brands, like its competitors in the food-producer arena, says it has not been able to fully pass on higher input costs to consumers in the depressed trading environment. read more
Tiger Brands set to bounce back in 2019

Tiger Brands set to bounce back in 2019

15/01/2019 - 11:47
Tiger Brands, which lost R1.4bn in revenue in financial 2018 due to listeriosis, looks set to bounce back from the deadly outbreak, with revenue and earnings to rise steadily in the next three years, according to brokerage firm Arqaam Capital. read more
Listeriosis claims may be paid in 2020

Listeriosis claims may be paid in 2020

11/12/2018 - 19:40
The first claims associated with the listeriosis class action could be paid out in mid to late 2020 at the earliest, according to Richard Spoor Attorneys lawyer Thami Malusi.  read more
Tiger Brands reopens Polokwane polony factory

Tiger Brands reopens Polokwane polony factory

10/12/2018 - 08:48
SA authorities have given food maker Tiger Brands permission to re-open a factory closed after the world’s biggest listeria outbreak was traced to one of its facilities, the company said. read more
Ghost of listeriosis past: Tiger Brands faces multimillion-rand class action

Ghost of listeriosis past: Tiger Brands faces multimillion-rand class action

04/12/2018 - 13:59
The material impact of the damage to Tiger Brands could be hundreds of millions of rand, according to analysts, after the High Court granted an order certifying a class action against the food producer as a result of the listeriosis outbreak that killed 200 people early this year. read more
Listeriosis outbreak haunts Tiger Brands

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. read more
Tiger Brands maintains dividend despite falling sales and profit

Tiger Brands maintains dividend despite falling sales and profit

22/11/2018 - 11:00
SA’s listeria scandal halved the sales of Tiger Brand’s meat products division and pushed it into a loss, contributing to the group’s overall sales and profit decline. read more
Tiger Brands falls after revised profit warning

Tiger Brands falls after revised profit warning

09/11/2018 - 14:25
JSE-listed food producer Tiger Brands — owner of Enterprise, Mrs Balls and Oros — revised the upper limit of its decline in headline earnings for the year to end-September, but its share price gave up ground anyway. read more
Tiger Brands reopens Germiston polony factory

Tiger Brands reopens Germiston polony factory

12/10/2018 - 10:00
After 'rigorous assessments' the factory has been given the all-clear to resume production after it was closed during the listeriosis crisis. read more
Tiger prepares to reopen factories after listeriosis all-clear

Tiger prepares to reopen factories after listeriosis all-clear

10/09/2018 - 09:59
Tiger Brands, the owner of Enterprise food products such as polony, viennas and Russians, has kept the factories closed in the aftermath of the listeriosis outbreak but said preparations for their reopening were "advanced". read more
Tiger Brands shares fall as it warns of woes beyond listeriosis

Tiger Brands shares fall as it warns of woes beyond listeriosis

16/08/2018 - 10:23
Tiger Brands’ share price fell 9% to R298.60 after it warned shareholders its listeriosis woes had been compounded by higher fuel prices and other problems. read more
Blockchain: A safe link in the food chain

Blockchain: A safe link in the food chain

06/07/2018 - 09:52
Experts say blockchain can help address food safety issues in SA, such as the one that led to the listeriosis outbreak. read more
Tiger Brands may not find how deadly bacteria entered its plant

Tiger Brands may not find how deadly bacteria entered its plant

21/06/2018 - 08:28
Tiger Brands may never know how a strain of bacteria linked by the government to the world’s deadliest outbreak of listeriosis entered its factory. read more
Tiger Brands switches up its executive committee

Tiger Brands switches up its executive committee

12/06/2018 - 09:15
Tiger Brands has made changes in the group’s executive committee following SA’s deadly outbreak of listeriosis in the first half of the year. read more
Tiger Brands to continue polony production in October

Tiger Brands to continue polony production in October

30/05/2018 - 09:07
Tiger Brands is basing its calculations of losses due to listeriosis on reopening its Enterprise polony factory in Polokwane in time to start production in October, it told shareholders on 24th May 2018. read more
Tiger Brands reels from listeriosis fallout, but still pays dividend

Tiger Brands reels from listeriosis fallout, but still pays dividend

24/05/2018 - 10:05
The interim dividend is unchanged from a year ago. read more
Tiger Brands confirms deadly listeria found in its products

Tiger Brands confirms deadly listeria found in its products

03/05/2018 - 11:00
The firm’s CEO initially denied there was any clear evidence that their products themselves were affected.  read more
Listeriosis leaves Tiger Brands listless

Listeriosis leaves Tiger Brands listless

04/04/2018 - 08:29
Tiger Brands’s share price has fallen 12.47% since the health ministry publicly announced that its factory in Polokwane was the source of the listeriosis outbreak on March 4.  read more
Rainbow Chicken polony cleared of deadly listeria bacteria

Rainbow Chicken polony cleared of deadly listeria bacteria

28/03/2018 - 10:01
The national health department has confirmed the listeria bacteria found at the Rainbow Chicken polony factory is not the ST6 strain that caused 91% of cases. read more
Cost of listeriosis crisis mounts for Tiger Brands

Cost of listeriosis crisis mounts for Tiger Brands

20/03/2018 - 08:48
Tiger Brands is recalling yet another batch of products, a move that could cost it up to R800m, twice the R324m in operating profit generated by its snacks, treats and beverages division for the financial year to end-September. read more
Tiger Brands counts over R300 million in losses after listeria outbreak

Tiger Brands counts over R300 million in losses after listeria outbreak

19/03/2018 - 10:46
JSE-listed consumer brands group Tiger Brands has told shareholders that the costs associated with the recall of products linked to the listeriosis outbreak will reach between R337 million and R377 million rand – with millions of rands in monthly losses also needing to be factored in. read more
Enterprise withdraws all processed meats and halts production at two facilities

Enterprise withdraws all processed meats and halts production at two facilities

05/03/2018 - 19:16
Enterprise Foods has withdrawn all ready-to-eat meat products and has halted production at the two factories manufacturing these products‚ parent company Tiger Brands said on Monday. read more
Tiger Brands and Rainbow shares drop on listeriosis news

Tiger Brands and Rainbow shares drop on listeriosis news

05/03/2018 - 14:33
Tiger Brands’ share price fell 13% to R370.30 and RCL Foods’ share price dropped 6.4% to R16.10 shortly after the JSE opened at 9am on Monday morning.  read more
Tiger Brands’ shares fall after it warns of declining revenue

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. read more
Tiger Brands eyes Africa expansion

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. read more
Tiger Brands hit by strikes and tough market conditions

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. read more
Tiger gets territorial in SA

Tiger gets territorial in SA

02/06/2017 - 11:41
The country’s biggest food producer is turning its attention to the local market to regain ground it lost to competitors read more
Tiger Brands to be vigilant on continent

Tiger Brands to be vigilant on continent

26/05/2017 - 10:49
CEO says pursuit of diversification led to loss of focus.  read more
International business weighs on Tiger Brands

International business weighs on Tiger Brands

25/05/2017 - 08:29
Fast moving consumer goods group Tiger Brands on Thursday reported a 7% increase in interim headline earnings per share (HEPS) to R10.36 for the period to end-March. 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
Tiger Brands bosses cash in after failure

Tiger Brands bosses cash in after failure

09/01/2017 - 08:49
Months after taking a R2.2bn write-down on its disastrous Nigerian acquisition, Tiger Brands’ remuneration committee raised the fees of the directors who had overseen the decision to invest in the value- destroying Dangote Flour Mills. read more
Tiger Brands’ profit trebles after ditching the Dangote millstone

Tiger Brands’ profit trebles after ditching the Dangote millstone

23/11/2016 - 15:39
Tiger Brands reported aftertax profit of R3.3bn for the year to end-September — 3.5 times higher than the previous year’s R942m, which was dragged down by a R2.2bn write-down of its Nigerian acquisition Dangote Flour Mills. read more
Tiger sees SA consumers under pressure as costs rise

Tiger sees SA consumers under pressure as costs rise

19/07/2016 - 12:42
Johannesburg - Tiger Brands said the risk of higher inflation will place pressure on South African consumers as the nation’s biggest food producer is raising prices to try to offset cost pressures following record maize prices. read more
Tiger says exit from Ethiopia does not signal a retreat from the rest of Africa

Tiger says exit from Ethiopia does not signal a retreat from the rest of Africa

10/06/2016 - 12:09
Food producer Tiger Brands on Thursday pulled the plug on a second major African market, with the sale of its stake in an Ethiopian business — less than six months after it disposed of a Nigerian venture. read more
Major overhaul on the cards for Tiger Brands

Major overhaul on the cards for Tiger Brands

25/05/2016 - 15:53
Johannesburg - South Africa's biggest consumer foods maker, Tiger Brands, pledged a sweeping overhaul of its operations on Tuesday, after a botched investment in Nigeria and mounting difficulties in its home and exports markets force a re-think. 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
Tiger Brands rallies on new CEO

Tiger Brands rallies on new CEO

09/03/2016 - 16:16
Johannesburg - Tiger Brands appointed Lawrence Mac Dougall from Mondelez International as the new chief executive officer of South Africa’s largest food producer following the resignation of Peter Matlare last year. Its shares rose. read more
SPCA lays into Tiger Brands

SPCA lays into Tiger Brands

17/02/2016 - 09:46
Johannesburg - Tiger Brands, South Africa’s biggest food company, has had criminal charges laid against it by an animal-rights group over a pig slaughter method that involves the animals being gassed to death in cages after being lowered into a pit. 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
Tiger pulls out of costly Nigerian unit - Nigeria

Tiger pulls out of costly Nigerian unit - Nigeria

17/11/2015 - 09:50
Tiger Brands said on Monday it would cut funding to its struggling Nigerian venture after nearly R1bn in write-downs. 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
Recovery at Dangote set for delay - Nigeria

Recovery at Dangote set for delay - Nigeria

12/02/2015 - 09:26
The depreciating oil price and Nigerian naira, and postponed presidential elections in the West African country, could delay the recovery of Tiger Brands’ Nigerian business by 6-12 months, CEO Peter Matlare said in a conference call on Tuesday. read more
Tiger Brands’ business widens losses - Nigeria

Tiger Brands’ business widens losses - Nigeria

05/02/2015 - 09:11
Tiger Brands’ Nigerian flour business reported a widened loss of 2.92-billion naira (about R176m) for its first quarter ended December, as currency weakness in the local market offset a 27.5% surge in sales. read more
Tiger learns from mistakes in Nigeria

Tiger learns from mistakes in Nigeria

09/12/2014 - 09:52
Tiger Brands has not been put off buying businesses of scale and its rest-of-Africa strategy has been unaffected by its bad experience in Nigeria, CEO Peter Matlare says. read more
Investment in Africa ‘must be for the long term’

Investment in Africa ‘must be for the long term’

20/11/2014 - 10:43
A long-term approach must be taken to reap returns from investments in Africa, Thabi Segoale, group executive of corporate strategy and business development at Tiger Brands, said on Tuesday. read more
Tiger Brands unit invests $8.3m capex in Zim - Zimbabwe

Tiger Brands unit invests $8.3m capex in Zim - Zimbabwe

05/11/2014 - 09:33
Harare – Zimbabwe's National Foods, which is 37% controlled by Tiger Brands [JSE:TBS], is to sink US$8.3m in capital expenditure for 2015 largely to expand its flour milling unit, whose contribution to a 6% jump in first-quarter revenues has made it a significant cash generator for the company. read more
Tiger Brands plans to destroy recalled products

Tiger Brands plans to destroy recalled products

23/10/2014 - 10:19
Tiger Brands will destroy the 17,000 packs of Tastic Simply Delicious sauces and ready-to-eat rice products it is removing from retailer shelves, managing executive Naresh Singh said this week. read more
Tiger Brands: Grain unit recalls some products

Tiger Brands: Grain unit recalls some products

20/10/2014 - 12:07
Tiger Brands’s grains division had recalled certain Tastic Simply Delicious products after tests found traces of colourants in them, the company said. read more
Rhodes Food raises R1.2bn ahead of IPO

Rhodes Food raises R1.2bn ahead of IPO

30/09/2014 - 10:13
Johannesburg - Rhodes Food Group raised R1.2 billion in an initial public offering (IPO) priced in the middle of an earlier indicative range, it said on Friday. read more
Clover profit falls as costs bite

Clover profit falls as costs bite

16/09/2014 - 12:56
Johannesburg - South African food and beverage firm Clover Industries Ltd posted a 14.2 percent fall in headline earnings on Tuesday, clipped by brisk inflation levels and higher raw material costs. read more
Tiger Brands wary of African assets after Nigerian misadventure

Tiger Brands wary of African assets after Nigerian misadventure

26/05/2014 - 10:26
It's investment in Nigeria had taught Tiger Brands not to be hasty when pursuing growth opportunities in Africa, group CE, Peter Matlare, said on Wednesday as the company released its interim results. read more
Tiger Brands takes huge Nigerian knock

Tiger Brands takes huge Nigerian knock

16/05/2014 - 09:24
Johannesburg - Tiger Brands, Africa's second-biggest consumer foods maker, took a R849m ($82m) write-down on its loss-making Nigerian business last week Thursday. read more
Tiger Brands profit rises as bakeries, rice volume recovered

Tiger Brands profit rises as bakeries, rice volume recovered

31/05/2013 - 08:22
Tiger Brands Ltd. (TBS), South Africa’s biggest food maker by market value, said the company regained volume in bakeries, rice and snacks and treats and maintained profit margins across many of its domestic businesses.  read more
Imperial takes African logistics leap with acquisition of Nigeria’s MDS

Imperial takes African logistics leap with acquisition of Nigeria’s MDS

14/05/2013 - 08:18
Imperial Holdings has gained a foothold in Nigeria’s fast-growing logistics market with the acquisition of a 49 percent stake in leading Nigerian provider MDS for $26 million (R237m) in cash. 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
Tiger Brands buys Mrs Ball’s chutney brand for R475m

Tiger Brands buys Mrs Ball’s chutney brand for R475m

10/12/2012 - 09:21
Unilever South Africa will sell its Mrs HS Ball’s chutney brand, with a recipe dating from World War I, to Tiger Brands for R475 million. read more
Tiger Brands to up stake in Nigeria

Tiger Brands to up stake in Nigeria

22/11/2012 - 08:47
Johannesburg - Consumer goods group Tiger Brands [JSE:TBS] is offering to buy out some minority shareholders in Nigeria's Dangote Flour Mills as it expands in fast-growing African markets.  read more
Tiger Brands full-year earnings up 7%

Tiger Brands full-year earnings up 7%

21/11/2012 - 08:06
Joahnnesburg - Consumer goods firm Tiger Brands [JSE:TBS] posted a 7% rise in full-year earnings on Wednesday, helped by higher prices, but said it expects a tough year ahead. read more
Tiger Brands buys 63% Dangote Flour

Tiger Brands buys 63% Dangote Flour

05/10/2012 - 07:46
Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said.  read more
Tiger Brands acquires a 63.35% shareholding interest in Dangote Flour Mills in Nigeria

Tiger Brands acquires a 63.35% shareholding interest in Dangote Flour Mills in Nigeria

25/09/2012 - 08:54
Tiger Brands Limited (“Tiger Brands”) and Dangote Industries Limited (“Dangote”) are pleased to announce they have executed a share sale and purchase agreement which will result in Tiger Brands acquiring a 63.35% shareholding in Dangote Flour Mills Plc (“Dangote Flour Mills”) for approximately R1.5 billion from Dangote. The transaction is expected to be effected during the first week of October 2012. read more
More food, beverage mergers expected

More food, beverage mergers expected

24/07/2012 - 09:09
Grant Thornton said yesterday it was positive about increased merger and acquisition (M&A) activity in the food and beverage sector, as conditions seem ripe for investors looking to expand. read more
Dangote surges on Tiger Brands deal

Dangote surges on Tiger Brands deal

06/07/2012 - 08:17
Shares in Dangote Flour Mills climbed to their highest level in five weeks, after South Africa's biggest consumer foods maker Tiger Brands said it had reached a deal to acquire a majority stake in the Nigerian wheat and pasta maker, helping lift the overall stock index to a month high. read more
Tiger Brands buys into Nigerian flour maker

Tiger Brands buys into Nigerian flour maker

05/07/2012 - 09:26
Tiger Brands, South Africa’s largest food producer, has reached an agreement in principle with Dangote, the West African manufacturing group, to purchase 63,35% of the Nigerian flour and pasta maker Dangote Flour Mills (DFM). read more
Tiger Brands ups first-half earnings

Tiger Brands ups first-half earnings

22/05/2012 - 08:31
Johannesburg - South African consumer goods firm Tiger Brands [JSE:TBS] posted a modest rise in first-half earnings on Tuesday, helped by growth in its exports and international businesses as the domestic market remains subdued. read more
Nigerians in talks with Tiger Brands

Nigerians in talks with Tiger Brands

08/05/2012 - 08:39
Tiger Brands yesterday confirmed it was in talks with Nigeria’s flour milling company Dangote Flour, a deal that one analyst said could be valued at at least $150m if 80% of the shares were acquired at the market capitalisation of the Nigerian company. read more
Tiger Brands' underlying assumptions for update

Tiger Brands' underlying assumptions for update

20/02/2012 - 08:54
Tiger Brands, in trading update on Feb 14, 2012, advised that, despite difficult trading conditions, headline earnings per share were expected to show satisfactory growth for the year ending 30 September 2012 as compared to the 2011 reported earnings.  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
Smaller companies provide bonanza

Smaller companies provide bonanza

11/01/2012 - 09:40
Small caps starred on the JSE last year, with the AltX 15 showing the best performance of indices with more than one share, with a total return for the year of 42,6%.  read more
SA retailers look to rest of Africa

SA retailers look to rest of Africa

20/12/2011 - 09:18
As competition intensifies in SA, local retailers have looked offshore for growth and many have also understandably set their eyes on the rest of Africa.  read more
Tiger Brands acquires canning firm

Tiger Brands acquires canning firm

19/12/2011 - 12:12
Johannesburg - Diversified industrial group Tiger Brands [JSE:TBS] on Monday announced the acquisition of the remaining interests in Langeberg and Ashton Foods. 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
Tiger Brands forecasts higher profits

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. read more
Tiger Brands profit up, still on the prowl

Tiger Brands profit up, still on the prowl

30/05/2011 - 07:48
Johannesburg - Consumer goods firm Tiger Brands posted a rise in first-half earnings on Monday and said it would further increase its footprint outside South Africa after it finalised acquisitions in Nigeria and Ethiopia. read more
Tiger Brands appoints new CFO

Tiger Brands appoints new CFO

12/04/2011 - 00:00
Tiger Brands has appointed Olufunke Ighodaro as its new Chief Financial Officer (CFO) with effect from 1 June 2011. read more