Tight like a Tiger

Tight like a Tiger
Tiger brands released their interim results for the past six months showing most divisions performing well. The Fishing and Exports divisions however, may be areas of concern for management as they did not perform as well as expected by analysts.
Also in the news, one of South Africa's large food exporters, Illovo Sugar looks set to sell a controlling interest in their business to Associated British Foods. AB Foods will gain access to low cost sugar production and by 2009 will benefit from duty free exports into Europe through its African divisions. Illovo will also benefit greatly through selling produce in Europe using AB Foods brands and infrastructure.
How many other South African food producers offer similarly attractive prospects to global producers? Time will tell.

Craig Ballantyne
craig@fastmoving.co.za

Please feel free to make comments or raise new issues by emailing the editor
editor@fastmoving.co.za

NEWSBYTES

Massmart announce R1.1 billion BEE transaction
Massmart on Tuesday announced a historic Black Economic Empowerment transaction designed to effectively empower the group's workforce. Under the terms of the transaction, shares equivalent to approximately 10% of Massmart's current issued share capital will be issued to three trusts representing approximately 14 500 members of Massmart's permanent general staff, previously disadvantaged managers and Non-Executive Directors in South Africa.
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AB Foods to buy majority Illovo sugar stake
Associated British Foods has agreed to buy 51 percent of Africa's biggest sugar producer, Illovo, for 317 million pounds in cash, as it looks to meet the challenge of European sugar reforms. Illovo will remain listed on the Johannesburg Stock Exchange, and the acquisition of 51 percent of its shares will be through a scheme of arrangement, requiring South African regulatory and court approval.
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GEM Report: Can BEE catalyse entrepreneurship in South Africa?
Black economic empowerment legislation could potentially have a positive effect on stimulating entrepreneurial activity in South Africa - and with the country's level of early stage business activity measured to be at a relatively low level in comparison with other developing nations around the world, such an effect could not come at a better time.
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Tiger show 25% increase in headline earnings a share
Tiger Brands on Wednesday reported a 25 % rise in headline earnings a share to R5.26 for the six months to March. It was buoyed by the performance of its brands such as Koo baked beans, All Gold tomato sauce and Black Cat peanut butter, and consumer healthcare operations.
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ACNielsen Euro Price Barometer
ACNielson provide some useful insight for travellers to know how much their popular daily essentials will cost them when they get to their destination. The twice-yearly ACNielsen Euro Price Barometer measures the cost of popular international grocery products across 16 countries in Europe.
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Time renew your AMASA Membership
The Advertising Media Association of South Africa (AMASA) is calling on all members to renew their annual membership, and for potential members to download membership forms. AMASA associates benefit from a host of activities during the year including monthly newsletters, free entry into monthly meetings, reduced rates at all workshops, preferential bookings and special rates for the annual event.
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GLOBAL NEWS

Tesco plans for US entry take shape
According to reports last week, Tesco has chosen Los Angeles in California and Phoenix in Arizona for its planned entrance into the US grocery market. Job advertisements in the US state that the company is "preparing to launch an unprecedented retail food business in the LA and Phoenix areas".
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Boots and Superdrug fall out over price claims in UK
In the UK, Boots and AS Watson owned Superdrug have fallen out in a dispute about price comparion claims. Superdrug had applied to the high court for an injunction and accused Boots of "malicious falsehood".
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FEATURED BRAND

Swartland Winery Swartland Winery prides itself in producing natural wines, without relying on harsh additives or production methods. The result is a softer, more natural wine. The ideally suited soils and moderate climate of the Swartland region is perfect for the cultivation of grapes of outstanding quality. Read more.

BRAND NEW

Mageu Number 1 now available in delicious Strawberry Due to popular demand, Mageu Number 1 is launching an additional flavour to their existing leading product range. Available in a 1 litre carton with resealable top as well as in a 500 ml carton, the new Strawberry flavoured Mageu Number 1 is set to be a winner! Read more.

Denny warms up with heat & serve soups for winter Denny has launched a range of good-as-homemade soups this winter to provide a welcome answer to South Africa's icy chill. Available in a choice of Cream of Chicken, Potato & Leek, Butternut, Cream of Tomato and Cream of Mushroom Soups, each classic creamy flavour is a firm favourite with the family and can be enjoyed as a quick meal or served as an accompaniment to a heavier dinner time spread. Read more.

BRAND ACTIVITY

Indulge in free chocolate from Canderel! Canderel has announced one of the largest chocolate taste sampling exercises ever to be conducted in Africa, taking place at Nelson Mandela Square in Sandton on Saturday 27 May from 10h00. Over 22,000 slabs of chocolate will be given away to members of the public on a first come, first serve basis. Read more.

100% Pear Pleasure comes in perfect pairs Following the launch of its latest variant towards the end of last year, Appletiser has planned a national Peartiser promotion to build on the success of the new variant. The "Perfect Pears" promotion will run from 17 July to 3 September and consumers will stand a chance to win items such as designer sunglasses, shoes, earrings, lingerie and jeans - all of which hold huge appeal for the modern fashion conscious woman. Read more.

Win a safari to Sabi-Sabi with Bioharmony Bioharmony, one of SA's leading natural health companies, will host FIVE lucky winners and their partners to four nights at one of the world's top private game reserves, Sabi-Sabi, where they'll be pampered in a spectacular natural setting. Read more.

Simba bring "Puff Parties" to kids countrywide Simba are hosting "Puff Parties" for kids around the country with a hive of activities on offer. There will be face-painting, singing, dancing, colouring in, cool Simba prizes to be won, games to play, loads of Simba Cheese Puffs to eat and Simba the Lion will be there! Read more.

WINE, BEER & SPIRITS

Zonnebloem releases prized 2004 Lauréat The flagship in the Zonnebloem red wine range, Zonnebloem Lauréat 2004, known internationally simply as a Cabernet Sauvignon/Merlot blend, has scooped a gold medal at the prestigious 2006 International Wine Challenge in London. Read more.

Fairview Goat gets Gold Fairview Wine and Cheese Estate last week continued adding to their trophy cabinet when they received 10 medals at the highly prestigious Decanter World Wine Awards. The 2004 Goat Roti from their Goats do Roam range was awarded a gold medal, one of only six to go to South African wines. Read more.

Distell show strong export growth in packaged wine
Contrary to the trend that has seen South Africa's bulk wine exports grow as producers seek to curtail supply chain costs in an increasingly competitive market, Distell has raised its packaged wine exports by 18% for the 12 months to March 2006.
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Join in the Third Annual Wacky Wine Weekend
Fancy a fun-filled weekend in the Cape Winelands? Come and enjoy award-winning wines and warm hospitality in the Robertson Wine Valley. The 3rd annual Wacky Wine Weekend is taking place from 2 to 4 June 2006.
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