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South Africa's challenging poultry market Archives

South Africa's challenging poultry market Archives
just-food.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-food.com Daily Mail and Mail on Sunday newspapers.

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Jungle Oats maker Tiger Brands resumes interim dividend as profits rise

Amanda Khoza / News24
SA s largest food producer Tiger Brands said on Thursday that its financial performance has improved, supported by strong revenue growth in the first quarter.
The food group released its results for the six months ended 31 March on Thursday and said the board has approved and declared an interim ordinary dividend for the six months ended 31 March.
Previously, the owner of popular brands such as Jungle Oats, Albany bread and Tastic had not declared an interim dividend in respect of the 2020 half-year results given the uncertainty at the time over Covid-19 lockdown measures.
Tiger Brands said its total revenue from continuing operations increased by 8% to R16.4 billion underpinned by price inflation of 9% while half-year profits rose by 21%. ....

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Corporate governance wins and fails, and some surprising results

Corporate governance wins and fails, and some surprising results
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

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Ramaphosa's master plan looks to pluck small poultry businesses out of the doldrums

Ramaphosa's master plan looks to pluck small poultry businesses out of the doldrums
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

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Quantum leap in poultry sector

January 11, 2021
Quantum leap in poultry sector
THE local poultry sector has seen an eventful 2020 and – judging by a recently announced large acquisition by Quantum Foods – could be in for even more intrigue in the year ahead.
The big shake-up last year came with a tussle for control of Wellington-based Quantum Foods – which aside from producing chickens also dabbles in eggs and animal feeds.
Just to refresh memories, Stellenbosch-based agribusiness Zeder Investments sold its 30% shareholding in Quantum to larger poultry rival Country Bird Holdings (CBH).
CBH contemplated making an offer to take over all of Quantum, but this move seemed to ruffle a few feathers in the poultry sector. SA’s largest poultry producer Astral Foods – which has a long standing and strategic supply agreement for birds with Quantum – seemed most perturbed. ....

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