The African Export-Import Bank (Afreximbank) has approved a US$400mn revolving credit facility for the Export Trading Group (ETG), to support agri-food supply chains in Africa amid disruption caused by Covid-19.
The COVID-19 pandemic changed everything – including what and how we eat. Some people faced long lines at supermarkets, others couldn’t buy food at all.
Leading food retailers in South Africa have asserted their commitment to initiatives that reduce food waste in their businesses, during the launch of the Food Loss and Waste Voluntary Agreement, on Tuesday.
South Africa’s ubiquitously consumed mealie/maize meal porridge/pap/putu has entered the ready-to-eat food market in the innovative form of Papstix, pre-packaged rolls filled with a tasty relish centre.
Consumer interest in healthier diets is translating into healthy beverage innovation, with functional drinks and alcohol alternatives on the rise, as well as lower alcohol wines, beers and spirits.
On a global scale, consumer facing industries have had to take exceptional precautions in a time of rapid change with business, people, processes and stakeholders retuning to adopt new approaches that will likely change retail management as we know it forever.
Yebo Fresh, a tech-driven food delivery company catering exclusively to Cape Town townships, has expanded rapidly under lockdown. The two-year-old company that started in a Hout Bay garage now occupies a massive warehouse and is delivering thousands of grocery items and hampers into nine Western Cape townships.
There are certain eating occasions, products and dishes that we know and love – but that doesn’t mean we don’t want to shake them up. Therein lies a world of potential for innovative brands and retailers to explore.
The V&A Waterfront will launch a Food Theatre concept, Maker’s Landing, at the Cape Town Cruise Terminal area, this December following a R63 million investment in partnership with the National Treasury’s Jobs Fund, which is putting up R15m to the V&A’s R48m to develop the new food neighbourhood.
According to a United Nations report, global food prices continue their upward trajectory for the second consecutive month in July, led by vegetable oils and dairy products.
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