South Africa is one of the largest operational regions for the US food and beverage giant
The move may provide a short-term economic boost, but it also has long-term health costs
The proposed tie up will enable Pioneer to expand its leading brands and access greater capital to invest in local agriculture and people
SA’s second-largest food producer by value, Pioneer Foods, is calling it quits after a tough year in the broiler industry.
Consumers want their maize meal and flour to be white, even though this makes them less healthy.
Pioneer Food Group had boosted headline earnings at 193% to R422-million for the six months ended March 31 2011.
Pioneer Foods said on Wednesday it has withdrawn its offer to buy unlisted wine and spirits maker KWV.
The Competition Commission has announced that Pioneer Foods has reduced the price of bread and flour as per a settlement agreement.
Pioneer Food Group said on Monday it has submitted a firm intention to offer $120-million for wine and spirits maker KWV.
South Africa’s Pioneer Food Group on Monday posted a 62% drop in full-year profit, hit by fines from the country’s competition watchdog.
The market is unfazed by Pioneer Foods’s R1-billion fine, with Pioneer’s share price hitting a 52-week high.
Fresh shocks emerge from Pioneer Foods’s agreement on record fine.
Pioneer Foods was told it has to reduce the sale price of bread and flour products as part of a R1,05-billion settlement for price-fixing.
It is becoming quite clear that the Pioneer Foods boardroom shake-up is the start of a house-cleaning process being driven by shareholders.
New Pioneer Foods group chairperson Zitulele KK Combi has vowed to "turn a page" and commit to the principles of transparent behaviour.
Pioneer Foods may have to pay another penalty in addition to its bread-case penalty, the JSE-listed company said on Friday.
The Competition Tribunal has imposed a R195-million penalty on JSE-listed Pioneer Foods for its role in a bread cartel.
Pioneer Foods posted an increase in full-year profit, the JSE-listed food manufacturer said on Monday.
Pioneer Foods’s bakery arm, Sasko, is shirking responsibility for contraventions of the Competition Act, the Competition Tribunal heard on Monday.
The Competition Tribunal hearing into whether Pioneer Foods was a member of a national bread cartel continued on Friday.
