Township e-commerce startup Yebo Fresh secures R78m to fuel expansion
South African township-focused food and grocery delivery service Yebo Fresh has secured R78m with a pre-series A equity investment and a Jobs Fund grant.
Industry News
Diageo gets approval to buy 14.97% stake in Kenya’s EABL
Diageo Kenya, a unit of Diageo Plc, has received regulator approval to buy an extra 14.97% stake in Kenya’s East African Breweries, it said on Friday, 27 January.
How science and innovation can strengthen global food systems
Food systems, from production to consumption, are complex in nature and require coordinated efforts at different levels. Food systems are the public policy decisions, the national and global supply chains and the public or private individuals and groups that influence what we eat.
Global protein alternatives market to hit $73.9bn by 2031
Mounting consumer awareness and consumption of proteins from sustainably-derived sources is driving the growth of the global protein alternatives market.
SA wine export volumes hold steady despite obstacles – WoSA
Wines of South Africa’s (WoSA) latest report has revealed that despite a decline of 5% in wine export volumes, the South African wine industry remains focused on its road to recovery following the pandemic.
Covid pandemic shifts consumer demand for dairy-based beverages
Growing consumer demand for nutritionally-rich and convenient beverages that are thought to boost overall health is a major factor driving the dairy drinks market in South Africa.
Global food prices hold steady in November
The Food and Agriculture Organization of the United Nations (FAO) has reported that the measure of changes in world food commodity prices remained largely steady in November, with declining international prices of cereals, meat and dairy products offsetting increasing quotations for vegetable oils and sugar.
SA’s Bos Brands bags investment for UK expansion
South African beverage company Bos Brands has secured additional growth equity from an investment consortium to fund the expansion of the Bos Ice Tea brand into the UK from its established base in Europe.
Tiger Brands earnings jump on strong second half
Tiger Brands reported a 51% jump in full-year earnings on Friday, 2 December, as South Africa’s largest food producer benefited from a strong second-half recovery and price hikes.
The Shoprite Group’s new electric truck: heavy duty and “glow in the dark”
The Shoprite Group is the first South African retailer to pilot a heavy-duty electric truck as part of its fleet, and 28-year-old Robin Jooste from Colorado Park, Mitchells Plain has been selected to drive it.
