SOUTH AFRICA - Remgro-controlled liquor conglomerate Distell, which aims to double revenue and profits by 2021, is selling long-held wine farms and wine brands as executives look to markedly improve a modest return on assets.
SOUTH AFRICA - Massmart says it has not given up on Africa and will continue to invest in its business on the continent. CEO Guy Hayward said that despite the challenges faced by most African economies, there were signs the tide could yet change for the better.
GHANA – Leading dairy concern Arla has expanded its market in sub-Saharan Africa business region by establishing a new sales and packaging facility in Ghana, to serve rising demand in the country and region for dairy products.
NIGERIA - The federal government has raised the alarm on the rising demand for beef in the country, vis-a-vis its availability, saying the gap could lead to the scarcity of beef and dairy products in the country.
ZAMBIA - The Zambia Co-operative Federation (ZCF) has received over 1,000 solar-powered hammer mills out of 2,000 components for installation across the country under the Presidential Milling Initiative.
SOUTH AFRICA - Sovereign Food Investments has received a firm intention from a special purpose vehicle controlled by Capitalworks to acquire a controlling interest in Sovereign Food for R907 million in an all-cash buy-out, the JSE-listed poultry producer said yesterday.