Financials & Economy
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Distell continues to post stellar performance as it awaits Heineken take-over
SOUTH AFRICA – South African wine, cider and spirits company, Distell, expects its headline earnings per share to rise by as much as 40% in…
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Honeywell Flour Mills registers loss in Q1 despite 23% growth in top-line performance
NIGERIA – Leading wheat-based products manufacturer in Nigeria, Honeywell Flour Mills Plc, has reported a 23% rise in revenue to N40.6 billion (US$96.9m) in the…
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At a valuation of US$20.8B, Nestlé is the world’s most valuable food brand: Brand Finance
GLOBAL – Switzerland-headquartered multinational food company, Nestlé is once again the world’s most valuable brand, according to leading brand valuation consultancy, Brand Finance. Valued at…
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Coca-Cola HBC makes US$46m purchase of premium sparkling beverage ESM
SWITZERLAND – Coca-Cola HBC, the world’s third-largest Coca-Cola anchor bottler in terms of volume, has acquired ESM Effervescent Sodas Management (ESM) from SICC Holding, for…
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Mpact benefits from strong local demand reports 5.2% rise in interim revenue
SOUTH AFRICA – Mpact, South Africa’s leading paper and plastics packaging business and recycler, has reported that its headline earnings per share grew by 31%…