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Archive for July 23rd, 2019
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July 23, 2019

PepsiCo eyes growth in Africa with $1.7bn Pioneer Foods acquisition

Multinational snack foods and beverage giant PepsiCo has entered into an agreement to acquire South Africa’s Pioneer Foods Group for approximately $1.7 billion (R23.5 billion). The New York-based food giant – owner of brands like Pepsi, Lay’s and Doritos – will acquire all outstanding shares of Pioneer Food Group for R110 per share. The transaction is one of PepsiCo’s largest acquisitions outside of the United States.

“Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo’s current lineup, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled [...]

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July 23, 2019

#EveryDropCounts: Cape dam levels rise with province at 49%, City at 63%

Cape Town – The average dam level in the Western Cape continues to increase as extreme weather moves in across the province this week.

The latest average level for dams across the province is 49.6% (2018: 50%). The City of Cape Town’s dams have reached an average level of 63.8% full (2018: 56%).

The MEC for Local Government, Environmental Affairs and Development Planning, Anton Bredell, says citizens across the province can expect a few days of very bad weather as the winter will arrive in full force this week.

“The Western Cape Disaster Management Centre has been alerted by the South African Weather Service that adverse weather conditions are expected from [...]

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July 23, 2019

Tourism in South Africa: New data reveals who our “favourite visitors” are

The researchers for StatsSA have been busy crunching the numbers again this month, and they’ve detailed a comprehensive picture of all the visitors to Mzansi between May 2018 – May 2019. Overall, it’s good news for tourism in South Africa, which shows foreign arrivals are up by 1.5% within the recorded 12-month period.

Despite reported struggles and increased regional competition, South Africa has remained an attractive destination for international visitors. More than 1.2 million foreign nationals set foot in SA over the past year, and plenty of our fellow countrymen and women have been on the move too: Over 896 000 of us travelled across our borders in the past [...]

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