Latest South African News

Muted economy sours Clover's earnings

Clover-milksDairy products group Clover, which is trading under a cautionary announcement (possible buyout of Quality Beverages), sees opportunities for consolidation in the sector as SA's weak consumer environment offers limited growth opportunities.

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South Africa's best olive oils for 2014

Olive-oil-awardsSeveral of South Africa's leading olive oil producers were recently honoured with gold medals at the annual SA Olive Awards (28 August). A challenging harvest saw fewer entrants this year.

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Curvy new Cadbury Dairy Milk bars: another stealth price rise?

Dairy-Milk-RoundCadbury Dairy Milk bars have a new shape - with rectangular blocks giving way to a curves. Science has proven that a round shape is one of the best when it comes to chocolate melting and smoothness, but when launched in the UK in 2012, there was much media coverage of what was seen as another way to achieve a stealth price rise.

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Sour blow for Botswana as Mondelez closes chewing gum plant

StimorolIn a rationalisation move that was inevitable, Mondelez International says it will close its chewing gum plant in Botswana in December and move production to Poland as African consumers ditch pellet gum for slab gum.

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Rhodes Food Group set for R600m JSE listing

Rhodes-FoodRhodes Food Group, the mainly Cape-based manufacturer of canned produce, cheese, processed meat and ready meals, plans to raise R600-million in a main-board JSE listing.

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Barentz opens an office in South Africa

Barentz-InternationalBarentz International, a global player in food ingredients, has announced that it's opening up shop in South Africa. It will be headed up by highly respected SA food industry veteran, Paul Vet.

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Woolworths: Shining brightly in the gloom

Woolies-FoodThe economy may be weak, and the consumer depressed, but Woolworths is showing little sign of it as the retailer takes market share in both food and clothing and continues its expansion drive into the rest of Africa and Australia.

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SA products feature poorly in Shoprite's African expansion

Shoprite1Shoprite is the African continent's retail kingpin but, alas, it's three top-performing countries outside South Africa are 80% stocked with non-SA products. The company is having a "hard time" with SA manufacturers, CEO Whitey Basson has said: "They don't really appreciate the fact that its cheaper to trade into formal businesses, but that you have to build your brands."

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Tetra Pak appoints developing markets expert as head of its South African operation

John-StrombladJohn Strömblad has been appointed MD of Tetra Pak South Africa, and comes to our shores after extensive stints in Asian markets for the packaging/processing giant.

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Shoprite shifts investment focus to Africa

Whitey-BassonAs local growth continues to stall, supermarket retailer Shoprite has shifted its investment focus from South Africa to the rest of Africa.

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Top International Stuff

McDonald's has already admitted it has a problem with millennials, who want food that is healthier and fresher than much of what the chain offers. Now it looks as if McDonald's has a problem with...
Cargill, the largest privately held US company, has agreed to acquire Archer-Daniels-Midland's chocolate business for about $440-million to increase production in North America.
Burger King delivered Uncle Sam a real Whopper this week. It announced that it was buying Canadian doughnut outfit Tim Hortons in a move widely seen as a bid to lower its tax bills.

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