Tag: Pioneer Foods
Joining CNBC Africa for SA market watch is Norman Celliers, Chief Executive Officer of Zeder, a company with a major stake in Pioneer Foods.
U.S.-based beverage and snack maker PepsiCo is planning to acquire South Africa’s Pioneer Food Group
Pioneer Foods has been severely hit by increased inflation rates, lower maize produce and higher fuel prices. The food and beverages company increased its interest bearing debt to over R1500 million. Since the release of the interim results the company share price has tumbled. Joining CNBC Africa to unpack the group’s results is Tertius Carsten, CEO of Pioneer Foods and Nesan Nair Senior Portfolio Manager, Sasfin Securities.
Why Pioneer is paying dividends when it is under pressure