The move may provide a short-term economic boost, but it also has long-term health costs

South African Pioneer Food Group will spend about R1-billion in the current financial year on expansion projects, it said on Wednesday.

Pioneer Food Group on Monday posted a drop in first-half headline earnings, which will also lower full-year earnings.

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…