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.
Four different cartels have had an impact on what the consumer pays for a loaf of bread.
Pioneer has paid its dues and consumers now face the impact of higher input costs, writes <b>Lloyd Gedye</b>.
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Pioneer Foods said on Wednesday it has withdrawn its offer to buy unlisted wine and spirits maker KWV.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.
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.
Pioneer Foods faces a fine of over a billon rand if it fails to clear its name as an alleged member of the bread cartel, writes Lloyd Gedye.
Pioneer Foods goes before the Competition Tribunal claiming it was not part of a bread cartel.
The Competition Tribunal will hear a price-fixing complaint against Pioneer Foods next week, it said on Thursday.
Pioneer Foods and Foodcorp have been referred to the Competition Tribunal for their alleged role in a bread price-fixing cartel, the Competition Commission said on Wednesday. The two companies could be fined 10% of their annual turnover for the 2006/2007 financial year.
Consumer foods maker Pioneer Foods goes public on Tuesday April 22, with 400-million shares as part of its plans to raise capital, it said this week. Prior to the listing, the company will offer 20-million shares at R25 each in a rights offer intended to raise R500-million for its capital expenditure programme.