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Tiger Brands Ltd (TBSJ.J)

TBSJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tiger Brands Appoints Monwabisi Fandeso Independent Non-Executive Director Of Co
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Tiger Brands Ltd ::JSE: TBS - APPOINTMENT TO THE BOARD OF TIGER BRANDS.TIGER BRANDS LTD - MONWABISI FANDESO AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM 1 JULY 2019.  Full Article

Tiger Brands Says Total FY EPS Will Be More Than 20% Higher
Wednesday, 22 May 2019 

May 22 (Reuters) - Tiger Brands Ltd ::TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2019.UNBUNDLING OF COMPANY'S INTEREST IN OCEANA GAVE RISE TO AN UNREALISED FAIR VALUE GAIN OF R1 630.4 MILLION THROUGH INCOME STATEMENT.TOTAL EPS FOR YEAR ENDING 30 SEPTEMBER, WILL BE MORE THAN 20% HIGHER THAN 1 457.7 CENTS PER SHARE REPORTED IN PREVIOUS YEAR.GAIN FROM UNBUNDLING OF STAKE IN OCEANA HAS NO IMPACT ON HEADLINE EARNINGS PER SHARE.  Full Article

Tiger Brands Says HY HEPS From Continuing Operations Down 12%
Wednesday, 22 May 2019 

May 22 (Reuters) - Tiger Brands Ltd ::UNAUDITED GROUP RESULTS AND DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 31 MARCH 2019.HY HEPS FROM CONTINUING OPERATIONS DOWN 12% TO 762 CENTS (EXCLUDING OCEANA IMPACT DOWN 2%).HY REVENUE OF R15,4 BILLION FROM CONTINUING OPERATIONS DOWN 2% (EXCLUDING VAMP UP 4%).HY ORDINARY DIVIDEND OF 321 CPS SPECIAL DIVIDEND OF 306 CPS TOTAL INTERIM DIVIDEND OF 627 CPS.DECLARED A SPECIAL DIVIDEND OF 306 CENTS PER SHARE AS A RESULT OF ONCE-OFF PROCEEDS RECEIVED FROM BRIMSTONE SALE.HY STRONG VOLUME PERFORMANCES RECORDED IN BEVERAGES, HOME CARE, BABY CARE, AND GROCERIES, OFFSET BY A 1,2% DECLINE IN GRAINS VOLUMES.SELLING PRICE INFLATION ACROSS PORTFOLIO IS EXPECTED TO REMAIN LOW AGAINST A BACKDROP OF CONSTRAINED CONSUMER SPENDING.ONGOING FOREX LIQUIDITY CHALLENGES IN ZIMBABWE HAVE INTENSIFIED SIGNIFICANTLY OVER LAST SIX MONTHS.WILL REVIEW PROCESSES, STRUCTURES, OVERHEAD COSTS TO IDENTIFY OPPORTUNITIES TO IMPROVE OPERATIONAL EFFICIENCIES, REDUCE COST BASE.  Full Article

Tiger Brands Says Board Approved Unbundling Of Remaining Shares In Oceana By Distribution
Friday, 5 Apr 2019 

April 5 (Reuters) - Tiger Brands Ltd ::ON APR 3 BOARD FORMALLY APPROVED UNBUNDLING OF REMAINING 49.1 MILLION SHARES THAT CO HELD IN OCEANA BY WAY OF DISTRIBUTION.  Full Article

Oceana Says Tiger Brands Cuts Stake To 36.2 Pct From 42.1 Pct
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Oceana Group Ltd ::TIGER BRANDS' BENEFICIAL INTEREST IN OCEANA DECREASED FROM 42.13% TO 36.23% OF TOTAL ISSUED SHARE CAPITAL OF OCEANA.  Full Article

Tiger Brands To Re-Open Germiston Value Added Meat Processing Facility
Friday, 12 Oct 2018 

Oct 12 (Reuters) - Tiger Brands Ltd ::JSE: TBS - TIGER BRANDS TO RE-OPEN GERMISTON VALUE ADDED MEAT PRODUCTS (VAMP) PROCESSING FACILITY.TIGER BRANDS LTD - CLAYVILLE ABATTOIR WILL SUPPLY RAW MATERIAL REQUIREMENTS FOR GERMISTON FACILITY AS WELL AS FRESH MEAT CUTS.TIGER BRANDS - PRODUCTION OF READY-TO-COOK PRODUCTS, COMPRISING BACON, FROZEN SAUSAGES, EXPECTED TO START 12 OCTOBER 2018.TIGER BRANDS - AFTER ASSESSMENTS, EKURHULENI DEPARTMENT. OF HEALTH ISSUED CERTIFICATE OF ACCEPTABILITY FOR GERMISTON PROCESSING FACILITY.TIGER BRANDS - STRUCTURAL REFURBISHMENTS CONTINUE ON REMAINING UNITS AT POLOKWANE FACILITY, EXPECTED TO BE COMPLETED BY EARLY NOV.TIGER BRANDS - CLAYVILLE ABATTOIR WILL SUPPLY RAW MATERIAL REQUIREMENTS FOR GERMISTON FACILITY AS WELL AS FRESH MEAT CUTS.  Full Article

Tiger Brands Says Chief Growth Officer Grattan Kirk Will Be Leaving Co
Tuesday, 5 Jun 2018 

June 5 (Reuters) - Tiger Brands Ltd ::GRATTAN KIRK, CHIEF GROWTH OFFICER TENDERED HIS RESIGNATION AND WILL BE LEAVING TIGER BRANDS ON 22 JUNE 2018.YOKESH MAHARAJ WILL JOIN TIGER BRANDS ON 2 JULY 2018, AS CHIEF GROWTH OFFICER.  Full Article

Tiger Brands Ltd Says HY HEPS Down 16 Pct TO 868 Cents
Thursday, 24 May 2018 

May 24 (Reuters) - Tiger Brands Ltd ::HY REVENUE DECLINED 4% TO R15,7 BILLION.HY HEPS DOWN 16% TO 868 CENTS.HY INTERIM DIVIDEND UNCHANGED AT 378CPS.OUTLOOK FOR BALANCE OF YEAR REMAINS CHALLENGING.VAMP FACILITIES ARE LIKELY TO REMAIN CLOSED FOR A LARGE PART OF SECOND HALF.HY OPERATING INCOME DECLINED 8% TO R2,0 BILLION.COMPANY IS CONSIDERING A NUMBER OF INITIATIVES AIMED AT REBUILDING TRUST WITH CONSUMERS..HY GROUP REVENUE FROM CONTINUING OPERATIONS DECLINED BY 4% TO R15,7 BILLION.INITIATIVES INCLUDE A MULTI-STAKEHOLDER FORUM TO ENSURE A SUSTAINABLE AND INCLUSIVE RESPONSE TO CURRENT CHALLENGES.CONSIDERING BEST APPROACH TO ENSURE RECENTLY LAUNCHED CLASS ACTIONS ARE HANDLED SENSITIVELY AND RESPONSIBLY HAVING REGARD TO ALL FACTS."DETECTION OF PRESENCE OF LISTERIA ST6 IN OUR FACTORY IN POLOKWANE WAS DISAPPOINTING TO US".REHABILITATION WORK CONTINUES AT VALUE ADDED MEAT PRODUCTS (VAMP) FACILITIES.VAMP RECALL AND RELATED COSTS AMOUNT TO R365 MILLION NET OF INITIAL INSURANCE CLAIMS.HY REVENUE WAS NEGATIVELY IMPACTED BY PRICE DEFLATION OF 2,7% AND AN OVERALL VOLUME DECLINE OF 1,6%..TESTING OF FROZEN PORK RAW MATERIALS STOCK IS ONGOING AND ONLY EXPECTED TO BE CONCLUDED WITHIN NEXT THREE MONTHS.ALL FROZEN PORK STOCK TESTED TO DATE HAS PROVED NEGATIVE FOR LISTERIA MONOCYTOGENES.REMAINING CARRYING VALUE OF FROZEN PORK STOCK EXPOSED TO POTENTIAL FUTURE WRITE-OFFS IS R80 MILLION.  Full Article

S.A Department Of Agriculture, Forestry & Fisheries Minister Met Tiger Brands CEO On Monday
Tuesday, 20 Mar 2018 

March 20 (Reuters) - S.A Department Of Agriculture, Forestry & Fisheries::MINISTER MET WITH TIGER BRANDS CEO ON MONDAY; TAKEN THROUGH CO'S PROCESSES TO RESPOND TO LISTERIOSIS OUTBREAK‍​‍​.MINISTER WANTED ASSURANCE THAT ESTABLISHMENT WORKING SATISFACTORILY ON CORRECTIVE MEASURES ‍​.TO DATE, NO IMPORTED MECHANICALLY DEBONED MEAT HAS TESTED POSITIVE FOR LISTERIA MONOCYTOGENES ST6 STRAIN.AWARE OF CHALLENGES RELATED TO ESTABLISHMENT IN BRAZIL (BRF S/A) UNDER INVESTIGATION BY BRAZILIAN AUTHORITIES.ENGAGED BRAZILIAN AUTHORITIES, RECEIVED RESPONSE INDICATING THERE ARE 3 ESTABLISHMENTS UNDER INVESTIGATION.RESPONSE FROM BRAZILIAN AUTHORITIES INDICATE THERE ARE ADDITIONAL 3 LABS THAT SERVICE THE 3 ESTABLISHMENTS.BRAZILIAN ESTABLISHMENTS HAVE BEEN SUSPENDED BY BRAZILIAN AUTHORITIES UNTIL CONCLUSION OF INVESTIGATION.DEPARTMENT. OF AGRICULTURE, FORESTRY & FISHERIES SUSPENDED IMPORTS FROM THE ESTABLISHMENTS.  Full Article

Tiger Brands Says ‍Continued Extensive Testing Of Products, Production Facilities Beyond Polokwane, Germiston​
Monday, 19 Mar 2018 

March 19 (Reuters) - Tiger Brands Ltd ::‍CONTINUED EXTENSIVE TESTING OF PRODUCTS AND PRODUCTION FACILITIES BEYOND POLOKWANE AND GERMISTON​.‍DEPARTMENT OF HEALTH DID NOT FIND PRESENCE OF LISTERIA IN PRODUCT SAMPLES​.‍DISCOVERED PRESENCE OF VERY LOW LEVELS OF LISTERIA AT PRETORIA MEAT PROCESSING FACTORY​.‍CLOSED POLOKWANE AND GERMISTON ENTERPRISE FACTORIES ON 4 MARCH 2018​.‍ALL OF ENTERPRISE READY TO EAT MEAT PRODUCTS HAVE BEEN RECALLED AND ARE NO LONGER AVAILABLE FOR SALE​.TIGER BRANDS-‍TAKEN MEASURE OF CLOSING FACTORY, INSTITUTED PRODUCT RECALL OF SNAX PRODUCTS MANUFACTURED AT PRETORIA FACTORY WITH IMMEDIATE EFFECT​.‍WILL BE SENDING SAMPLES FOR GENOME SEQUENCING TO ESTABLISH SPECIFIC STRAIN OF LISTERIA​.‍INDEPENDENT TESTING CONFIRMED FINDINGS OF DEPARTMENT OF HEALTH FOR PRESENCE OF ST6 STRAIN OF LISTERIA MONOCYTOGENES IN ENVIRONMENT​.THERE ‍WAS A POSITIVE DETECTION OF LISTERIA ST6 (LST6) ON OUTER CASING OF TWO SAMPLES​.‍DEPARTMENT OF HEALTH DID NOT FIND PRESENCE OF LISTERIA IN THEIR PRODUCT SAMPLES​.  Full Article

UPDATE 1-South Africa's rand lifted by EM demand, manufacturing surprise

* Tiger Brands leads rally by consumer firms (Adds latest figures, analyst quotes)