Clover under fire amid restructuring, unions push for nationalisation

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Clover released a media statement on June 8 announcing its decision to move its cheese production from Lichtenburg to Queensburgh in Durban. Picture: Gallo Images
Clover released a media statement on June 8 announcing its decision to move its cheese production from Lichtenburg to Queensburgh in Durban. Picture: Gallo Images

The Competition Commission is investigating whether Clover’s new Israeli owner flouted its commitments to the competition authorities, as unions urge government to nationalise the dairy company if a resolution is not found.

In 2019, the Competition Tribunal approved the R5 billion buyout of South Africa's largest dairy company by Milco, which has Tel Aviv-based Central Bottling Company as its majority shareholder.

The new owner committed to create 550 jobs within five years following the approval of the merger, and agreed to a moratorium on the retrenchment of 516 positions for a period of three years.

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