Tiger Brands has come under severe pressure over the past year. On January 25 it traded at an all-time high of R478.06. By mid-February, news broke that Tiger Brands was ultimately responsible for the breakout of listeriosis in SA that ended up claiming more than 200 lives. This is a tragedy that can’t be played down. Several Enterprise processed meat factories were shut, and Tiger Brands lost revenue as well as the trust of consumers. The company is also facing a class action lawsuit that is likely to be a drag on profits. Tiger Brands is feeling the effects of this, judging by the trading statement it released in November warning shareholders that earnings will be down more than 20% compared to the same period the year before. Apart from the effects on earnings and reputation, the share price is down some 42% from those highs it reached in January. There is some good news, though. One Enterprise factory has been sterilised, inspected by the department of health and reopened. The b...

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