Tiger Brands boss to pick up the can kicked down street after listeria crisis
Lawrence MacDougall, Tiger Brands' CEO, will this week be confronted by investors and analysts at the company's results presentation after the world's largest listeria outbreak was linked to one of its factories. More clarity is expected on the effects the scandal has had on the group, and any future fallout for the company, when it releases its interim results on Thursday. In early March Tiger Brands was forced to close its Enterprise Foods meat processing facilities and recall products such as polony from supermarket shelves after the Department of Health and the National Institute for Communicable Diseases (NICD) had traced the LST6 strain of listeria to its Polokwane factory. The outbreak has claimed the lives of 204 people. The full impact of the outbreak and the subsequent factory closures is likely to be evident only later this year when the company reports its annual results. Its interim results cover the six months to March 31. Wayne McCurrie, a senior portfolio manager at ...
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