The new rules are an improvement, but proper implementation is vital, writes Murray Hunter and Cherese Thakur.
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Unions are fuming over the Competition Tribunal's decision to approve the buyout of South Africa's largest dairy company, Clover, by Milco SA – with Cosatu saying it would consider legal steps.
The sugar tax may be aimed at reducing consumption, but it ate its way into Clover's profits, the group said on Tuesday.
Clover's milk producers business has hurt earnings, leading to the resignations of top executives
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Company will instead focus on researching ways to develop and produce a new range of drinks.
Food and beverage company Clover Industries has reported a 41% jump in first-half earnings on higher product prices, despite falling sales and market share.
Food and beverage firm Clover Industries has posted a 14.2% fall in earnings, clipped by brisk inflation levels and higher raw material costs.
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Clover's results were impacted by a number of factors, including investments in new products and platforms.
Shares in dairy foods maker Clover have risen more than 4.5% in its stock market debut.
The Brimstone Investment Corporation will exit a deal led by an Israeli company to buy South Africa’s biggest dairy producer after protests by a pro-Palestinian activist group.
The JSE started the week on the backfoot as it closed weaker mainly on the back of losses recorded in financials.
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There are more signs that the heavily contested proposed tax on sugar-sweetened beverages is starting to effect change as the soft drink industry fights it tooth and nail.
Investors have punished Clover after the foods and beverages company announced it expects a drop in headline earnings per share of up to 25%.
The Competition Tribunal has approved a merger between Clover and DairyBelle's yoghurt/UHT milk business.
Dairy and beverages maker Clover says is has bought the yoghurt and long-life milk business of fellow dairy company Dairybelle for R200m.
Dairy and beverages maker Clover has posted a slight rise in full-year earnings and says it plans to launch new products and enter new markets to boost growth.
The price of milk will have to increase sharply to avoid a potential crisis, says the Milk Producers Organisation, according to a report.
Pioneer Foods has further upset opponents of its KWV takeover bid with an alleged "gimmick".
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