Tiger Brands expects inflation for some food categories, including staples such as bread, maize meal and baking flour, to rise by between 15% and 20%. For context, inflation for these food categories, mainly bread and cereals, was measured at 4.8% in April this year.
This is an interview with Deepa Sita, the CFO of Tiger Brands, SA’s largest food producer. The food producer already sees growing inflation pressures at its 41 factory sites, which might translate to higher consumer inflation next year.
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