LATEST NEWS
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Shoprite attains 10% growth in half year sales supported by home market
SOUTH AFRICA – South African retailer Shoprite has generated an additional R8.3 billion (US$540m) in sales versus the corresponding period to increase sales by 10.0%…
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Danone suspends Russia investments as Valio joins list of food companies pulling out of Russia
RUSSIA – French multinational food company, Danone has suspended all planned investments in Russia, its third-largest market in Europe, following the country’s invasion of Ukraine. …
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New studies associate high intake of vitamin C, apple cider vinegar with improved mental function
SOUTH KOREA – Taking vitamin C supplements could improve the mental function of young adults living in industrialised countries, a new study by Seoul National University (SNU)…
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Australia invests US$279m to quadruple animal-free protein manufacturing capability
AUSTRALIA – Australia is set to become a plant protein manufacturing power house following a new plan to invest AU$378 million (US$279m) into new facilities…
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Dangote Sugar’s full year profit gets nipped by high production costs
NIGERIA – Dangote Sugar registered a 26% decline in full year profit to N22.05 billion (US$53.09m) in the period ended December 2021. This was despite…