Premier upbeat over small effect of blackouts on profits
06 June 2023 - 10:34
Food group Premier, owner of Blue Ribbon bread, Snowflake flour and Iwisa maize meal, has expressed confidence that load-shedding will not “materially affect” its financial results, with the CEO saying companies use load-shedding as an “excuse”.
Premier’s relaxed attitude towards load-shedding costs sets it apart from other food producers who have voiced strong concerns about power cuts limiting their profitability and SA’s food security. Premier operates 13 bakeries, seven wheat mills, three maize mills and a range of manufacturing plants for its Manhattan sweets and female care Lil-lets business...
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.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.