ARTICLES RELATING TO PIONEER FOOD GROUP

Pioneer Food first-half earnings lower

2013-05-20 10:45

Pioneer Food Group has reported a 0.6% decline in adjusted headline earnings per share to 218c for the six months ended March.

Pioneer Foods appoints new CEO

2013-02-22 12:23

Pioneer Food Group has announced the appointment of Phil Roux as its new chief executive officer‚ replacing longstanding Andre Hanekom.

Pioneer earnings hit by BEE deal costs

2012-05-21 08:17

Pioneer Food Group posted a 44% drop in first-half earnings on Monday, hit by costs related to an empowerment transaction and soft consumer spending.

Pioneer lifts profit, outlook cautious

2011-11-28 08:20

Pioneer Foods has reported a jump in full-year earnings helped by increased sales and says cost pressures and consumer spending will influence its performance ahead.

Steel firms, striking union reach deal

2011-07-15 09:03

Steel and engineering firms have reached a wage deal with Numsa to end a two-week strike, says a union official.

Zeder foiled again?

2011-07-07 00:00

What is it about Zeder Investments – the agribusiness arm of PSG Group – that brings out the best in minority shareholders? Finweek reported recently on how Capespan’s huge value offering was driving Zeder’s bid to gain more influence at the Bellville-based fruit marketing group.

Mr James feeling plucky

2011-06-02 00:00

As suggested in our Portfolio Punts section this week, poultry groups are often regarded by investors as the tastiest food stocks outside traditional main courses such as Tiger Brands, Pioneer Food Group and AVI.

Picking low-hanging fruit

2011-04-21 00:00

The intrinsic value of agribusiness investor Zeder Investments has grown to a better-than-expected 314c/share, which means the share is still discounting its underlying portfolio value by 20%. Finweek, unlike the mainstream media (which concentrates on the sum-of-the-parts value) prefers to apply the intrinsic value as the appropriate measure for Zeder’s performance.

Pioneer results hit by penalty

2011-03-30 17:37

Pioneer Food Group says the R350m it set aside for a fine for anti-competitive behaviour will weigh on its interim results.

Pioneer chair defends executives

2011-02-18 14:27

Pioneer chairperson KK Combi says it would have been catastrophic if executives had been punished more for the price-fixing scandal, writes Marc Hasenfuss.

Pioneer embarks on R1bn expansion plan

2011-01-05 12:21

Food group Pioneer says its capital spending in the current financial year will include an acquisition and capacity expansion.

KWV bid: Pioneer drops bombshell

2010-12-14 06:21

Pioneer Foods has further upset opponents of its KWV takeover bid with an alleged "gimmick".

Rumours fly over rival KWV bid

2010-12-09 09:58

Investment circles are abuzz with talk that new approaches have been made to buy out or take an influential stake in KWV Holdings.

Pioneer Food profit falls 62%

2010-12-06 08:56

Breadmaker Pioneer Food has posted a drop in full-year profit, hit by fines from the country's competition watchdog.

Union hails massive Pioneer settlement

2010-11-03 16:49

The Food and Allied Workers Union has welcomed the competition commission settlement agreement which imposes a total R1bn in fines on Pioneer Food.

Pioneer has 'law on its side'

2010-09-22 16:23

Pioneer Food Group is unlikely to be forced to cough up more than the R350m it has already budgeted to settle its competition transgressions, say law experts.

 

Final bid for bread class action suit

2013-05-08 16:09

Bread distributors have launched a final effort to institute a class action case against Pioneer Foods, Tiger Brands and Premier Foods, a report states.

Oceana fined R35m for price-fixing

2012-05-09 13:21

The Competition Commission has fined the Oceana Group R35.7m, in the latest of a series of price fixing findings, the commission says.

Should minorities rejoice or worry?

2011-07-28 00:00

The not entirely unexpected “resignation” of Thys Loubser as CEO at KWV Holdings might induce mixed feelings among the vociferous minority shareholders in the Paarl-based liquor group.

Strike hits food producer

2011-07-15 07:59

Some 2 000 workers are striking at Pioneer's Sasko unit, which produces brands like White Star maize meal and Spekko rice.

Give us this day

2011-06-02 00:00

It’s easy to not like this company. After the price-fixing scandal on Sasko bread (now being paid off) executives should lower their heads in shame. Very low.

Tribunal hearing on seed firm takeover

2011-02-22 16:00

Pannar Seed's takeover by US firm Pioneer Hi-Bred has been rejected by the Competition Commission, but the tribunal will hold a hearing into the matter.

Supermarket passes on bread savings

2010-12-17 12:22

Retail giant Pick n Pay says its customers are benefiting from an obligatory cut in Pioneer's bread price.

Pioneer tables formal KWV bid

2010-12-13 10:57

Amid talk of rival bids, Pioneer has made a firm offer for KWV which is subject to certain conditions.

KWV: Never mind the NAV

2010-12-13 06:22

PSG's Jannie Mouton says Zeder will gladly sell its KWV stake for 1 800c/share.

SA rejects US giant's takeover bid

2010-12-08 17:46

The SA authorities have stopped a planned takeover of a local seed firm by DuPont, the world's third largest chemical firm.

Pioneer in bid to acquire KWV

2010-12-02 18:50

Pioneer Food Group says it has offered to buy KWV for R828m to diversify its revenue streams.

Tribunal to rule on Pioneer case

2010-11-22 17:07

Pioneer Foods will appear before the Competition Tribunal to have its record fine and package of penalties confirmed.

Pioneer fine to help start new fund

2010-11-02 18:51

Pioneer Food has been slapped with record-breaking fines that will see it pay for a new fund aimed at promoting competitiveness within the agro-processing business sector.

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