Tag: noel doyle
Food giant Tiger Brands has passed on paying a dividend as it faces job losses and cost-cutting in its operations after a bruising first half trading on the cusp of COVID-19.
Food producer Tiger Brands reported a 35 per cent fall in half-year headline earnings and has deferred its interim dividend due to uncertainty by the Covid-19 outbreak. The group expects Covid-19 to unfold significant challenges to the business in the near future. Tiger Brands CEO, Noel Doyle joins CNBC Africa for more.
The rand’s crash to record lows may cost Tiger Brands in excess of R600m in import costs. While restrictions on increasing prices during South Africa’s 21 Day lockdown could also impact earnings even though the company supported the measures. Tiger Brands CEO, Noel Doyle joins CNBC Africa for more.
Cosatu says the appointment of Tiger Brands CEO, Noel Doyle, is uncalled for following his role in the bread price-fixing scandal. Cosatu says that incident was the pick-pocketing of the poorest consumers. Joining CNBC Africa to discuss this further is Michael Shingange, Cosatu Deputy President.