food manufacturelatest news & developments
Libstar's wet condiments manufacturing facility in Montagu
LIBSTAR

Libstar consolidates sauce production as earnings come under pressure

Libstar has completed its Mega Sauce Factory consolidation project, but weaker performance in Dickon Hall Foods and dry condiments pushed normalised EBITDA and headline earnings…

  • Edward West
4 min read
South African fast moving branded goods group AVI declared a R3 special dividend for the year to end-June 30, 2026, in spite of a challenge trading environment in the fourth quarter,
AVI

AVI pays R3 special dividend despite tough environment

AVI declared a R3 special dividend after operating profit rose 4.4% for the year to June, despite weaker consumer demand and disruption fears weighing on fourth-quarter sales.

  • Tawanda Karombo
3 min read