Clover Industries has acquired Olive Pride, a leading manufacturer and importer of olive oils, extra virgin olive oils, balsamic vinegars and related products, from Southern Canned Products, a wholly owned subsidiary of AECI.
1 day ago
Multinational food processing and retailing company Associated British Foods swallowed SA's biggest sugar industry player, Illovo, in May last year. The move by the British group (which, as it happens, owns cheap 'n chic Primark) was part of a scramble for Sub-Saharan African agricultural assets. Crookes Brothers, another JSElisted player now stands out as another highly attractive potential target.
2 days ago
Poultry producer Astral Foods on Thursday said its electricity supply will stop on January 23, the deadline Eskom has given Mpumalanga's Lekwa Local Municipality to settle outstanding debt. Astral is the municipality's largest client and relies on uninterrupted electricity and water supplies.
Mark Allix 13 Jan 2017
Simone Musgrave, founder of Musgrave Gin, pioneered the pink gin trend in South Africa after finding a niche in the market whilst working as a trend forecaster.
Simone Musgrave 13 Jan 2017
For the fifth year in a row, prices of major food commodities have declined - some 1.5 percent below their 2015 levels - averaging 161.6 points for the year as a whole. Upward pressure on FAO's Food Price Index from tropical commodities such as sugar and palm oil, where El Niño had an impact on production, was offset by bumper harvest and prospects for staple cereals. The Index averaged nearly 172 points in December, unchanged from November.
13 Jan 2017
The GDP growth rate is forecasted at an estimated 1.3% for 2017 according to the National Treasury, pointing to a tough year ahead for business. However, there are a few trends promising a positive narrative for business this year. “It isn't all doom and gloom: yes, the economy is slowing - however businesses that want to gain any wins in the marketplace in 2017 will have to operate in a more astute manner,” says Dr Yudhvir Seetharam, head of Analytics at FNB.
12 Jan 2017
While MTN's latest payment-break offer to snare cash-strapped consumers deserves caution.
11 Jan 2017