Brimstone to exit SA dairy deal on anti-Israel pressure

The Brimstone Investment Corporation will exit a deal led by an Israeli company to buy South Africa’s biggest dairy producer after protests by a pro-Palestinian activist group. The investment-holding firm is in “advanced talks” with a replacement shareholder that could see it exiting its entire shareholding in Milco SA – the entity that has offered R4.8bn deal to buy Clover Industries – by the end of the year, it said in a statement Friday.   The Central Bottling Company, based in Tel Aviv, is leading the transaction along and is…

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Agile: beyond the buzz word for Pyrotec

Agile – one of business’s trending buzz words. But what does it mean? In sport, agility is the ability of athletes to be in control of their bodies while moving or changing direction or position quickly and effectively. To do this, fast reflexes, coordination, balance and speed are matched with the right response to the changing situation. In business, agility refers to an organisation’s ability to rapidly respond to change. This includes adapting goods and services to meet customer demands or restructuring operations to respond to market and environmental changes.…

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Rooibos research gets R4.5 million injection

Cape Town – The South African Rooibos Council (SARC) is ramping up research efforts into how the indigenous tea could help tackle diseases, with R4.5-million to be invested into its potential to reduce allergies, heart disease, diabetes and skin cancer between now and 2022. These diseases combined afflict more than 43 million people in South Africa. Scientists will also investigate rooibos’ impact on gut flora and to what extent it can lessen the side effects of antiretroviral therapy. Rooibos is a good source of unique and beneficial bio-actives such as antioxidants,…

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RCL Foods turns to Schneider Electric to modernise Pongola mill operations

When Durban-based RCL Foods embarked on a modernisation journey at one of its three sugar mills, it turned to Schneider Electric. The company has over 20,000 employees across three core divisions, consumer, sugar and milling, and logistics. Its Pongola mill is one of three sugar mills which collectively produce over 544,310.8 tonnes of sugar annually. Situated in the north of KwaZulu-Natal, the mill’s distributed control system (DCS) system for the juice preparation and crystallisation areas was obsolete, and in desperate need of an upgrade. This caused the mill to suffer…

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South Africa’s Rooibos Booms in Japan

Rooibos is already popular in Europe and now it’s becoming a big deal in Japan – one of the largest tea-drinking nations in the world – with exports of our indigenous tea hitting record highs in 2018. More than 2 000 tons were shipped to Japan‘s shores last year – the largest consignment since Rooibos was first introduced to the Japanese in the ‘80s. In Europe, Rooibos can be found in many supermarkets and is even one of the popular beverages offered at global chain Starbucks. Rooibos Lattes in Cannes, France.…

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SA’s participation in Foodex bears fruit

South African companies who showed off their wares at the 44th Foodex exhibition in Japan are confident of trade leads that will help them grow their businesses. The Department of Trade and Industry (dti) led 30 local companies to the exhibition, which is regarded as Asia’s largest food and drink fair, providing a platform for creating and expanding business opportunities. Statistics from the exhibition, which got underway on Tuesday, indicate that over 6 500 people visited the South African pavilion over the course of the week. This resulted in 783…

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Cheap chicken, sugar imports hit RCL Foods

RCL Foods is appealing to the South African government to limit cheap imports of chicken and sugar after an influx from the Americas weighed on the local producer. South Africa is an easy target, with “pretty porous” borders and generous tariffs, Chief Financial Officer Rob Field said by phone on Monday. The Durban-based company is “a highly efficient producer, so there’s no issue with supplying the local market at the volume that is required and at a price that is internationally competitive,” he said. RCL Foods, which makes Sunbake bread,…

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Clover management backs bidders with plans to expand in Africa

  “The buyers are mainly family-owned businesses that have a longer-term view than some of our current investors,” Vorster said. “Management has a long-term view and is committing to another 5 years with Clover.” With consumer spending declining in its main market of South Africa, Clover plans to invest in technology, develop new products and increase its market share. The company continues to invest in expanding capacity and recently added a new yogurt line, with plans to introduce products including flavored margarines, said Vorster. Outside its home market, the company…

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More pain for consumers as food prices, farmers to be affected by electricity hike

Consumers are likely to be hit hard by rising food costs after Eskom was granted above-inflation price increases by the energy regulator for the next three years, according to FNB. Head of information and marketing for FNB Agribusiness Dawie Maree said the electricity price hikes of 9.41%, 8.1% and 5.2% over the next three financial years, will push up the cost of production as electricity is one of the highest input costs for irrigation farmers.   “From a primary agriculture perspective, irrigation, fruit and vegetable farmers will particularly be impacted…

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Sovereign foods in merger with Cold Storage Group

JOHANNESBURG – Sovereign Foods, the third largest poultry producer in South Africa, has announced its merger with the Cold Storage Group (CSG), an Eastern Cape wholesaler of poultry and value-added poultry products. CSG comprises five inter-related wholesalers which include Umtata Cold Storage, Kei Cold Storage in Queenstown, Zwelitsha Cold Storage, Wilsonia Cold Storage in East London and Sov Foods Factory Shop in Uitenhage. Sovereign Foods chief executive Chris Coombes said on Friday that Sovereign would take a majority ownership stake in CSG and consolidate the five businesses into one business.…

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