Consumers’ elastic has snapped, says Tiger Brands CEO Noel Doyle
Cost of load-shedding for food producer soars more than sixfold
Constrained consumers battered by interest rate hikes and a cost-of-living crisis are cutting back on foodstuffs and non-essentials such as tomato sauce, baked beans and mayonnaise, Tiger Brands results for the six months to end-March showed.
SA’s largest food producer posted weaker results and warned of tough times ahead, sending its share price into a tailspin. The share closed 16.83% lower at R157.82 on Tuesday, the largest fall since 2008...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.