Tiger Brands’ share price down following listeria revelations

Tiger Brands’ share price was down about 7% on Monday morning after the company was hit by revelations that its Enterprise Foods plant in Polokwane was the source of the current listeriosis outbreak.

The company, which has a market cap of over R81.6-billion, is one of the largest food manufacturers in the country. The 7% fall equates to a R5.6-billion drop in its value.

On Sunday health minister Aaron Motsoaledi announced that the ST6 strain of the listeriosis monocytongenes bacteria, which is the cause of the outbreak that has killed 180 people, had been found at the plant.

The company has closed the both its Polokwane facility, as well as its Germiston plant as a precautionary step, it said on Sunday.

The presence of the ST6 strain however, has yet to be confirmed at its Germiston factory.

A nationwide recall of its products was initiated on Sunday, along with some products of Rainbow Chickens Limited (RCL), after the listeria monocytogenes bacteria was found at Rainbows Wolwehoek plant in Sasolburg.

The ST6 strain has not been confirmed at RCL’s plant either however. Its share price was down by about 4%.

Enterprise is expected to hold a press conference later today, after having met the National Consumer Commission, to discuss the details of the recall.

Meanwhile retailers including Pick ‘n Pay, Shoprite and Checkers have begun clearing their shelves of the affected Enterprise and Rainbow products.

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever. But it comes at a cost. Advertisers are cancelling campaigns, and our live events have come to an abrupt halt. Our income has been slashed.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years. We’ve survived thanks to the support of our readers, we will need you to help us get through this.

To help us ensure another 35 future years of fiercely independent journalism, please subscribe.

Advertisting

Not a sweet deal, Mister

Mister Sweet workers say they will not risk their health, and the lives of others, to continue producing and packaging confectionaries

Covid-19 grounds Nigeria’s medical tourists

The country’s elites, including the president, travelled abroad for treatment but now they must use the country’s neglected health system

Nehawu launches urgent court bid over protective gear for health...

The health workers’ union says the government has rebuffed its attempts to meet about mitigating risks to workers

Stay at home, Cyril said. But what about the homeless?

In Tshwane, forcing homeless people off the street resulted in chaos and the abuse of a vulnerable population. In Durban, a smooth, well-planned operation fared far better

Press Releases

Everyone’s talking about it. Even Kentucky

Earlier this year South African fried chicken fast-food chain, Chicken Licken®, launched a campaign for their wallet-friendly EasyBucks® meals, based on the idea of ‘Everyone’s talking about it.’

New energy mix on the cards

REI4P already has and will continue to yield thousands of employment opportunities

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world