It's one thing to focus on SA's long-term prospects. Be careful not to miss the forest for the trees. But what's to be done when the forest suddenly goes up in flames? asks Ron Derby.
High level clouds. Mild.
The issue of voting rights by South African employees in a proposed R24.4 billion merger between the US food and beverage company PepsiCo and Pioneer Foods came under the spotlight on Thursday in a Competition Tribunal hearing.
Pioneer Foods CEO Tertius Carstens is confident that the company’s R24bn takeover by PepsiCo will get the nod from competition authorities.
Turnover from Pioneer Food Group fell by 2.4% last year, largely on the back of sales price deflation in soft commodities. Its South African revenue declined by 5.2% as a result.
Pioneer Foods has announced its CEO Phil Roux will retire by the end of the month.
Pioneer Foods has that it had bought UK-based Streamfoods Holdings for £7.5m (R137m).
Overberg Asset Management analyst Kirk Swart focuses on shares of South African food and agricultural companies in this week's five shares to watch.
Pioneer Foods has announced plans to spin off its Quantum Foods unit, with the aim of listing it as a separate entity on the JSE.
A Free State maize milling company has won a case in the Supreme Court of Appeal against food giant Pioneer Foods in a trademark dispute.
Pioneer Food Group has reported a 0.6% decline in adjusted headline earnings per share to 218c for the six months ended March.
Pioneer Food Group has announced the retirement of André Hanekom as group managing director with effect from 31 March 2013.
PepsiCo is offering more than R24bn to buy Pioneer, the owner of brands including Liqui-Fruit, Weet-Bix and Ceres.
Analysts have various theories.
Pioneer Foods on Monday announced that it is set to acquire full ownership Heinz Foods SA – makers of the famous tomato ketchup.
Pioneer Food’s six-month profit decreased by 47% as costs increased by 10% due to the need to import maize as a result of South Africa’s drought.
SA’s worst drought on record, a plunging rand and debt-laden consumers are forcing food producers to sacrifice profits for affordable prices and market share.
Fast-moving consumer goods company Pioneer Food Group has entered into a joint venture to access the growing functional food industry.
The listed agri-investment company Zeder Investments intends to make an offer, subject to certain pre-conditions, to Agri Voedsel’s minority shareholders.
Pioneer Food says it intends to spin off its Quantum Foods unit by listing it in Johannesburg within the next 12 months.
Pioneer Food Group has announced the appointment of Phil Roux as its new chief executive officer‚ replacing longstanding Andre Hanekom.
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.
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