SA’s largest food producer Tiger Brands’ share price dropped to its lowest levels since September 2011 on Wednesday morning after it said that it expects earnings to drop by as much as 37% in the six months to end-March 2020.

Tiger Brands said its headline earnings per share (HEPS) from total operations are expected to be between 533c and 478c, a decrease of between 30% and 37% from the comparable period last year, citing a difficult first quarter...

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