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Food & Beverage News

Famous Brands reports bump in revenue, while profits decline for 2024 financial year

By: Darren Parker     20th May 2024 Branded food services franchisor Famous Brands has reported an 8% increase in revenue to R8-billion for the financial year ended February 29, although a 6% decrease in profit to R812-million and a 1.5% profit margin contraction from 11.6% to 10.1% dampened results. Despite the group’s carefully... 

Wine grape supply balances with demand in 2024 harvest season

By: Marleny Arnoldi     20th May 2024 The 2024 wine grape harvest has yielded 1.09-million tonnes from 87 848 ha, which is 7% lower than the prior harvest season, industry body Vinpro reports. Vinpro consultation services manager Dr Etienne Terblanche says the 2024 harvest season was a journey marked by careful planning and the... 

Wine bottles

Astral poultry division makes notable financial recovery in H1

By: Marleny Arnoldi     20th May 2024 JSE-listed integrated poultry producer Astral Foods has reported improved results for the six months ended March 31, on the back of its “reset, refocus and restart campaign” which was launched in response to significant losses incurred from loadshedding and avian influenza in the 2023 financial... 

chickens

BevCo acquisition expected to drive competition in the local market

By: Sabrina Jardim     17th May 2024 New Delhi-based multinational Varun Beverages says its acquisition of South African entity BevCo and its subsidiaries, valued at close to R3-billion, is set to expand its African footprint and bring global expertise to a market characterised by growing consumer sophistication and demand for... 

Absa partnering with development finance agency to help East African coffee farmers

By: Rebecca Campbell     15th May 2024 South African banking group Absa and the International Finance Corporation (IFC – part of the World Bank group) will jointly provide a commodity trade finance facility, worth up to $60-million, to a leading global green coffee merchant, Volcafe. This facility will strengthen Volcafe’s operations... 

Coffee beans in a cup

Itac makes strides in investigation of active yeast dumping from Zim

By: Marleny Arnoldi     15th May 2024 The International Trade Administration Commission (Itac) has asked the South African Reserve Bank to impose provisional duties on imports of active yeast originating in or imported from Zimbabwe for six months while further investigation into allegations of dumping is under way. Itac has been... 

instant dry yeast

Tribunal conditionally approves Sea Harvest’s acquisition of Terrasan businesses

By: Marleny Arnoldi     15th May 2024 The Competition Tribunal has conditionally approved the proposed merger whereby subsidiaries of JSE-listed seafood and aquaculture company Sea Harvest intend to acquire certain subsidiaries of Terrasan. The subsidiaries being acquired are those engaged in the catching, processing and sale of... 

fish processing line

Alterra-led consortium to acquire majority stake in Chill Beverages

By: Darren Parker     15th May 2024 A consortium led by private equity firm Alterra Capital Partners and including broad-based investment holding company the Mineworkers Investment Company (MIC) and independent private equity house Admaius Capital Partners, will acquire a majority stake in beverage company Chill Beverages from Old... 

Cans of Score energy drinks

Tiger Brands invests R300m in new Black Cat factory 

9th May 2024 Africa’s largest food processing company, Tiger Brands, has unveiled a new peanut butter manufacturing facility for its Black Cat brand in Krugersdorp, which marks the single-largest capital investment that Tiger Brands has undertaken in South Africa.  

Tiger Brands invests R300m in new Black Cat factory
Tiger Brands invests R300m in new Black Cat factory

High Court dismisses embattled Tongaat’s appeal on levies owed to industry

By: Marleny Arnoldi     8th May 2024 After not paying levies owed to the South African Sugar Association (Sasa) since October 2022, sugar producer Tongaat Hulett has again been ordered by the Durban High Court to pay the outstanding levies. The levies are essential to the economic survival of many sugarcane farmers and the... 

Sugar inside Durban export terminal

World Bank suggests actions for lower-emission agricultural land use

By: Marleny Arnoldi     7th May 2024 The World Bank has outlined in a report the actions that every country can take to make the global agrifood system more sustainable and achieve markable reductions in greenhouse-gas (GHG) emissions. The bank says the world is faced with a largely misunderstood reality in that the system that... 

Cans with food

SAB launches talent programme, invites young graduates to apply

By: Sabrina Jardim     3rd May 2024 Against the backdrop of a high unemployment rate among South Africa’s youth, beermaker South African Breweries (SAB) has launched the first edition of its SAB Talent Challenge. The SAB explains that the programme aims to turn “traditional talent attraction practice on its head through this... 

SAB VP of people Bridget Makhura.
SAB VP of people Bridget Makhura.

Coca-Cola gears up for IPO of $8bn Billion bottling arm

By: Bloomberg     30th April 2024 Coca-Cola is gearing up for a potential initial public offering (IPO) of its African bottling business as soon as next year after previously putting the plans on hold, people with knowledge of the matter said. The drinks company is considering a dual listing for Coca-Cola Beverages Africa in... 

Cases of Coca-Cola bottles being loaded onto a truck

Astral to post 465% rise in earnings as operations normalise

By: Marleny Arnoldi     29th April 2024 Integrated poultry producer Astral Foods has advised that its earnings per share (EPS) for the six months ended March 31 will increase by between 465% and 475% year-on-year. This will result in interim EPS of between 913c and 930c apiece, compared with EPS of 162c in the first half of the prior... 

Astral Foods broiler house
Astral Foods broiler house

PepsiCo Bašumi Trust wins awards at employee share ownership conference

By: Lisete Bigala     24th April 2024 Beverage multinational PepsiCo South Africa's employee share ownership programme Bašumi Trust has received the best governance policies and the most innovative funding model awards at the Department of Trade, Industry and Competition's Worker Share Ownership Conference on April 23. The best... 

Imameleng Mothebe appointed AMIE CEO

By: Sabrina Jardim     23rd April 2024 Imameleng Mothebe has been appointed as the new CEO of the Association of Meat Importers and Exporters of Southern Africa (AMIE) as of May 2. She will succeed outgoing CEO Paul Matthew. 

Tiger Brands unveils brand new Black Cat peanut butter factory in Krugersdorp 

By: Marleny Arnoldi     12th April 2024 Food processing company Tiger Brands has unveiled a new peanut butter manufacturing facility for its Black Cat brand in Chamdor, Krugersdorp. Having moved from another facility in Randfontein, the company has invested R300-million in the new facility that offers more space, increased peanut... 

Jars of Black Cat peanut butter

Shoprite, four global retailers form $125m venture fund aimed at innovation

By: Irma Venter     9th April 2024 Five grocery retailers, including South Africa’s Shoprite group, have established a venture fund called W23 Global. W23 Global brings together Ahold Delhaize (US, Europe, Indonesia), Tesco (UK, Europe), Woolworths Group (Australia, New Zealand), Empire Company/Sobeys (Canada) and Shoprite Group... 

Image of Shoprite Group CEO Pieter Engelbrecht
Pieter Engelbrecht

Tetra Pak reopens Pinetown plant following R500m upgrade

By: Sabrina Jardim     4th April 2024 Food processing and packaging solutions company Tetra Pak has reopened its newly renovated factory in Pinetown, KwaZulu-Natal, following an investment of about R500-million. The investment was directed towards upgrading and expanding the production capabilities of the Pinetown facility, which... 

Tetra Pak Southern Africa MD Klaus Plenge, President Cyril Ramaphosa and KwaZulu-Natal Premier Nomusa Dube-Ncube on a tour of Tetra Pak's revamped Pinetown factory
Tetra Pak Southern Africa MD Klaus Plenge, President Cyril Ramaphosa and KwaZulu-Natal Premier Nomusa Dube-Ncube on a tour of Tetra Pak's revamped Pinetown factory

Chicken producer owned by the PIC seeks new debt

By: Bloomberg     4th April 2024 Daybreak Farms, a chicken company controlled by Africa’s biggest fund manager, plans to seek loans to stabilize operations and fix its balance sheet following years of mismanagement. The producer that controls about 7% of South Africa’s chicken market was acquired by the Public Investment... 

Chickens and eggs

African food sustainability needs greener production, less waste, PwC study shows

By: Schalk Burger     2nd April 2024 Greener food production methods and the avoidance of food waste are required to future-proof Africa’s food supply and to meet the expected future demand for nutrition in a sustainable way, says professional services firm PwC in its 'The sustainable food revolution: Future-proofing the world’s... 

Investments to help increase recycling in EU

29th March 2024 In February 2024, food processing and packaging solutions company Tetra Pak announced several strategic investments designed to improve the recycling capacity for carton packages in the European Union (EU). The move supports the goals of the proposed EU packaging and packaging waste regulation... 

The above image depicts the polyethylene and aluminium, or polyAl, a residue remaining after paper mills have recovered the paper fibres
Photo by Tetra Pak
RECYCLING ACHIEVEMENT The initiatives and investments by Tetra Pak are set to boost the European Union’s ability to recycle beverage cartons which includes the non-fibre protective layers of polyethylene and aluminium, residues remaining after paper mills have recovered the paper fibres

NWU partners with IAEA to boost nutrition in Africa

By: Rebecca Campbell     28th March 2024 South Africa’s North-West University (NWU) has become the lead host institution for Anglophone African countries in a pan-African initiative launched by the International Atomic Energy Agency (IAEA), intended to build capacity across the continent for scientific research into micronutrients.... 

South African food inflation continues to decelerate

By: Rebecca Campbell     28th March 2024 South African food and non-alcoholic beverage (NAB) inflation (hereafter to be referred to just as food inflation, for short) decelerated for the third month in succession, in February, the Bureau for Food and Agricultural Production (BFAP) think tank has highlighted, in its latest ‘Food... 

Chicken industry needs no tariff rebates because there is no shortage, Sapa stresses

By: Darren Parker     27th March 2024 Executives from the South African Poultry Association (Sapa) met with Trade, Industry and Competition Minister Ebrahim Patel last week to discuss, among other matters, tariff rebates on chicken imports that were introduced as a safeguard against potential shortages on the back of bird flu... 

white chickens

Stats SA has overestimated agriculture’s GDP decline last year, says think tank

By: Rebecca Campbell     25th March 2024 Independent think tank, the Bureau for Food and Agricultural Policy (BFAP), believes that the year-on-year (y-o-y) decline in the country’s agricultural sector gross domestic product (GDP) last year, as reported by Statistics South Africa (Stats SA), is seriously in error. BFAP analysed the... 

South Africa Wine announces deep-dive research initiative into improving Chenin Blanc value chain

By: Marleny Arnoldi     20th March 2024 Industry body South Africa Wine has partnered with the South African Grape and Wine Research Institute, the Chenin Blanc Association of South Africa and Stellenbosch University (SU) to advance the prominence and economic viability of Chenin Blanc wine. The collaborative effort between the... 

Libstar’s earnings dragged down by weak consumer demand

By: Marleny Arnoldi     15th March 2024 Consumer packaged goods group Libstar has reported year-on-year declines in its normalised earnings, headline earnings and operating profit for the year ended December 31. Normalised headline earnings per share (HEPS) decreased by 11.2% to 58c, owing to an increase in net borrowing costs of... 

Libstar Lancewood yoghurt

Greater energy efficiency demand in growing food, bev industry

By: Tracy Hancock     15th March 2024 Demand for drive solutions specialist SEW-EURODRIVE’s energy efficient product offering is currently strong and increasing steadily with end-users in the growing food and beverage industry and the original-equipment manufacturers (OEMs) that supply them, says SEW-EURODRIVE Cape Town branch... 

Fish on production line
PRODUCING TARGETS SEW-EURODRIVE has assisted with meeting capacity requirements to achieve production targets at a local fish processing facility through the correct gearbox selection and specification

White biotechnology solutions highlighted

15th March 2024 Market intelligence specialists IDTechEx reported in February that handbags made of mushroom leather and biodegradable foodware are two examples of how white biotechnology can produce functional products that look good. White biotechnology uses enzymes and microorganisms to produce value-added... 

Mushrooms next to two manufactured leather rounds
SO MUSHROOM FOR DEVELOPMENT The development of leather form mushrooms and other white biotechnologies bodes well for a greener textile future

Cap output will benefit breweries, bottling companies

By: Trent Roebeck     15th March 2024 Leading metal crown manufacturer Coleus Packaging will produce between seven- and eight-billion metal crown closures for bottling companies, breweries and other beverage industry players in South Africa and the rest of Africa in 2024, and going forward. Coleus Packaging has invested R40-million... 

An image of the PMC500 machine for metal crown manufacturing
PMC500 MACHINE The PMC500 machine will produce 5 000 metal crown caps an hour

Coleus Packaging showcases new machinery for bottle crown manufacturing  

13th March 2024 African metal crown manufacturer and supplier Coleus Packaging, which hosted a launch event for its new machinery at its Alrode facility in Alberton, in Johannesburg, in February, aims to enhance bottle crown closure manufacturing processes and product output for the beverage industry throughout... 

Coleus Packaging showcases new machinery for bottle crown manufacturing
Coleus Packaging showcases new machinery for bottle crown manufacturing

Clover recalls some peanut butter products, NCC investigates

By: Sabrina Jardim     11th March 2024 Following numerous tests that revealed higher than acceptable levels of aflatoxin, food and beverage company Clover has recalled 10 776 units of its Go Nuts Peanut Butter 400 g. The recall by Clover comes after the National Consumer Commission (NCC) received recalls for certain peanut butter... 

SAPA says rebates for chicken imports are unjustified, unnecessary

By: Marleny Arnoldi     11th March 2024 The South African Poultry Association (SAPA) says it is puzzled by the International Trade Administration Commission’s (Itac’s) recommendation to Trade, Industry and Competition Minister Ebrahim Patel that certain rebates for frozen poultry imports could be implemented to curb alleged shortages... 

Roast chicken

Astral Foods disposes of Quantum Foods stake

By: Schalk Burger     6th March 2024 JSE-listed integrated poultry producer Astral Foods has disposed of its 9.8% interest in Quantum Foods for R141.7-million. “At the time Astral acquired the 9.8% equity stake in Quantum Foods in June 2020, there were unmitigated risks the group had to manage. These risks centred around securing... 

Sea Harvest generates solid profit despite cost increases, low prawn pricing

By: Marleny Arnoldi     6th March 2024 Following a challenging 2022 financial year, JSE-listed vertically integrated seafood company Sea Harvest has managed to grow its earnings before interest and taxes (Ebit) by 15% to R576-million in the 2023 financial year. The group’s profit after tax attributable to shareholders was, however, 9%... 

Sea Harvest CEO Felix Ratheb
Sea Harvest CEO Felix Ratheb

RCL reports higher interim earnings, unbundling of its Rainbow business

By: Marleny Arnoldi     4th March 2024 JSE-listed consumer goods group RCL Foods has posted a 48% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1.5-billion for the six months ended December 31. This was on the back of an 8.4% increase in revenue from continuing operations to... 

Chicken portions being packed
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