Consumer goods group AVI — the owner of footwear retailer Spitz stores, Five Roses tea, and seafood company I & J — is proceeding with a R820m final dividend payment and considering acquisitions in the wake of a Covid-19 bump for tea and snacks.

Covid-19 hit apparel sales and fishing activity during the group’s year to end-June, but higher selling prices and the pandemic boosted biscuits and tea, with strong demand continuing into July and August, said CEO Simon Crutchley.

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