Food producer Tiger Brands has warned that Covid-19 could shave off more than R500m in profits in its second half, as the group braces for disruptions in its supply chains and weak consumer spending.

As existing stock is depleted the group expects its six months to September will be affected by cost increases due to rand weakness, global supply chain disruptions and additional costs incurred during the lockdown, the group said...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now