Supporting Gogos to support young parents would be the most cost-effective way of repairing our broken social fabric, writes Mamphela Ramphele.
Scattered clouds. Mild.
Group earnings fell 15% to R910m, while headline earnings per share declined 6% to 511c.
The group is positive about the anticipated disposal of Pioneer Foods.
Pioneer’s shares dropped by 2.8% after the food company warned shareholders that its profit would likely be 48% lower for the year ended September 2017.
Pioneer Foods has welcomed the Competition Commission Tribunal’s decision to approve its proposed merger with Future Life.
Shares in Pioneer Foods have dropped sharply after the food manufacturer said it expects full-year earnings to rise by more than 20% compared with last year.
Company results released on the JSE show the double-edged sword cash-strapped consumers are experiencing at the moment.
The NSPCA has discovered brutal and horrid conditions at a Nulaid factory in Rustenburg, where an employee is accused of selling emaciated, injured and diseased ridden birds.
Pioneer Food Group has posted a 17% drop in full-year earnings, hit by costs related to an empowerment transaction.
Something to chew on - decent performances.
The return on Equity/Cost of Equity : This year’s table ranks 150 listed companies as creating shareholder value in 2009.
PepsiCo – which owns food brands including Pepsi, Lays, Doritos and Gatorade – wants to buy Pioneer – which owns Sasko, White Star, Weet-Bix and Liqui-Fruit - for R24.4bn.
Pioneer Food has reported a 3% dip in turnover in the six months ended March 31, 2018, from R10.2bn to R9.9bn, due to price deflation in soft commodities.
Pioneer Food Group will look to curtail costs as it sees the local environment “remaining difficult” amid high corn prices and a weak rand.
Cosatu says continued bread price hikes as fuel prices decline are unacceptable, and the federation could embark on protest action in the Western Cape.
Quantum Foods, a subsidiary of Pioneer Foods, has unreservedly apologised for the abusive treatment laying hens received at its Phokeng depot in Rustenburg.
Food manufacturer Pioneer Foods expects half year earnings to rise as it benefitted from cost cutting measures, among others.
Food manufacturer Pioneer Foods is cutting jobs as part of a restructuring process amid reports that it plans to cut 10% of its more than 12 000 employees.
Pioneer says 28.67 million ordinary shares can be subcribed for in the the second phase of its broad-based empowerment deal.
The inventory table, unfortunately, can only be applied selectively.
Internal rate of return: remember that candidates must be sifted through the funnies sieve first.
Cape Town Southern SuburbsHomeChoice
StellenboschAdvTalentR10 000.00 - R20 000.00 Per Month
R 5 300 000
R 15 500 000
R 4 850 000
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