Pick n Pay warns of a 20% drop in earnings

SOUTH AFRICA - Retailer Pick n Pay on Monday flagged that both headline earnings and earnings a share would drop more than 20 percent in the half year to June as costs related to its voluntary severance programme (VSP) weighed heavily on its balance sheet.

Dairy, meat exports surge

ETHIOPIAThe Ethiopian Meat & Dairy Industry Development Institute reported that the country generated 104 million dollars from meat, honey, wax, fodder products, and milk and dairy exports during the recently ended fiscal year.