Financials & Economy
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Barry Callebaut lowers 3-year growth guidance following quarterly sales drop as Lindt & Spruengli sales surpass US$5.3B
SWITZERLAND – The world’s largest cocoa and chocolate supplier, Barry Callebaut, has issued a new lower three-year guidance for growth, citing a return to pre-COVID…
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Angolan sausage company Sano Dia to open a new US$70M factory to cut reliance on imports
ANGOLA – Sano Dia, an Angola-based private limited company, is building a new sausage and mortadella factory in the country’s capital Luanda to cut reliance…
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Nampak’s profit takes foreign exchange hit despite 21% rise in revenue
SOUTH AFRICA – Africa’s leading diversified packaging manufacturer, Nampak, has reported a 21% rise in revenue in full year ended September 2022 to R16.9 billion…
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Oceana reports double digit growth in earnings driven by improved half year volume sales, high demand
SOUTH AFRICA – Africa’s largest fishing company, Oceana Group has reported a 12% rise in revenue from continuing operations to R8.148 billion (US$469m) in the…
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Tiger brands reports stellar full year performance despite tough economic conditions
SOUTH AFRICA – South Africa’s largest food producer Tiger Brands has delivered robust annual results with earnings up 51%, despite tough trading conditions and significant…