News

PIONEER FOODS ACQUIRES A STRATEGIC STAKE IN WEETABIX EAST AFRICA

Posted 21st November 2016

Pioneer Foods Group Limited announced today that it would acquire a 49.89% stake in major FMCG manufacturer Weetabix East Africa Limited for an undisclosed amount. This will establish a strategic beachhead for Pioneer Foods in East Africa and the opportunity to build a significant cereal position in the region.

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A winning combination – Pioneer Foods acquires Streamfoods Holdings Limited in the United Kingdom

Posted 17th August 2016

Pioneer Foods, leading South African FMCG company, today announced that it has entered into an agreement to acquire the entire issued share capital of Streamfoods Limited for a purchase consideration of GBP7.5 million. Streamfoods Holdings Limited is wholly owned by the Wellness Group of companies.

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Pioneer Foods opens new and expanded Bokomo UK facility in England

Posted 8th July 2016

One of South Africa’s leading food companies, Pioneer Foods, is making its mark in the United Kingdom with the official opening of their new Bokomo UK facility in Orton Southgate, England in June 2016.

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Unaudited Condensed Consolidated Interim Financial Statements for the Six Months Ended 31 March 2016.

Posted 23rd May 2016

Pioneer Foods delivered positive results for the six months ended 31 March 2016. An improved portfolio mix and margin expansion in Groceries, resilient power brands and well managed costs, contributed to the overall financial outcome in a particularly challenging period. Please click here for the full financial results.

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Earnings Guidance for the Six Months ended 31 March 2016

Posted 5th May 2016

Pioneer Foods is required to report to shareholders when a reasonable degree of certainty exists that the earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the current reporting period is expected to differ by at least 20% when compared to the prior comparable reporting period. Earnings Guidance for the Six Months ended […]

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TRADING UPDATE FOR THE FOUR MONTHS ENDED 31 JANUARY 2016

Posted 17th February 2016

Pioneer Foods remains resilient notwithstanding significant economic challenges facing South Africa. Rand weakness and the concomitant cost-push effect will accelerate inflationary pressure on food manufacturers, and increase the burden on consumers.  The severe drought in South Africa has furthermore exacerbated this situation. As a result of these volatile external factors, managing volume and margin imperatives […]

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Summary Consolidated Financial Statements For The Year Ended 30 September 2015

Posted 24th November 2015

The Group achieved pleasing results for the financial year ended 30 September 2015 despite a vulnerable South African economy, sustained competition and significant cost push. The following highlights underpinned the performance: • Volume growth and share gains in most key categories • Second half recovery in fruit exports • Progressive expansion of bakery margins • […]

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Unaudited Condensed Consolidated Interim Financial Statements for the Six Months Ended 31 March 2015

Posted 18th May 2015

The results for the six months ended 31 March 2015 reflect the progress on the strategic delivery of the twin objectives of strengthening brands and expanding margins. The following key value drivers underpinned the performance: Pleasing revenue growth despite price deflation in maize and vine fruit exports Power brands share growth Maize volume and production […]

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Carbon free emissions from Pioneer’s biomass boilers

Posted 14th May 2015

Leading South African FMCG company, Pioneer Foods, is garnering local and international acclaim for its carbon savings initiatives after the installation of biomass, woodchip boilers in two of its bakeries. Pioneer Foods installed the biomass boilers at its bakeries in Shakaskraal and Access Park. The biomass boilers are fuelled by woodchips which produce zero carbon […]

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Pioneer Foods strengthens African market presence through launch of Ceres production line in Réunion

Posted 11th May 2015

Leading South African FMCG company Pioneer Foods recently entered a local licensing agreement with Réunion-based FMCG company Royal Bourbon Industries (RBI). The agreement will enable RBI, through a newly launched production line, to manufacture, distribute and market Ceres Beverages’ tetra products in the Indian Ocean region. RBI is a local licensed manufacturer of large international […]

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Pioneer Foods and FUTURELIFE announce joint venture to unlock new product opportunities

Posted 23rd April 2015

Leading South African FMCG company Pioneer Food Group Limited [JSE: PFG] today announced that it has entered into an agreement to acquire a 50% shareholding in FUTURELIFE Health Products (Pty) Ltd , a scientifically formulated nutrient-dense functional food products company, for an undisclosed purchase consideration. The transaction allows Pioneer Foods, which houses well-known brands such […]

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Summary consolidated financial statements for the year ended 30 September 2014

Posted 24th November 2014

SALIENT FEATURES 2014 Revenue for continuing operations – R17.7bn (+9%) Adjusted operating profit (before items of a capital nature) for continuing operations*– R1.68bn (+46%) Adjusted headline earnings per share for continuing operations*– 637c (+37% ) Final gross dividend per share – 156c (+81%) Continuing operations: Revenue– R17 699 million (+9%) Adjusted operating profit (before items […]

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Removal of azodicarbonamide (ADA) from Pioneer Foods products

Posted 29th May 2014

ADA is approved as a safe ingredient by the Department of Health and other international regulatory authorities applying Codex Alimentarius, the international standard adopted in health regulations across the globe, including the United States, Canada and South Africa. Notwithstanding the aforementioned, Pioneer Foods has elected to remove Azodicarbonamide (ADA), a flour treatment agent previously present […]

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Condensed annual financial statements for the year ended 30 September 2013

Posted 26th November 2013

SALIENT FEATURES – 2013 Revenue – 20 551 million (+ 10%) Final gross dividend per listed ordinary share (2012: 70 cents) – 86 cents (+ 23%) Operating profit (before items of a capital nature) – R1 057 million (+ 2%) Adjusted operating profit (before items of a capital nature)* – R1 271 million (+ 9%) […]

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Abridged consolidated annual financial statements for the year ended 30 September 2012

Posted 26th November 2012

Pioneer Foods salient features Revenue – R18.6 billion (up 10%) Gross final dividend per listed ordinary share (2011: 40 cents) – 70 cents (up 75%) After the figures for the year were adjusted by R160.7 million for a once-off share-based payment charge on the B-BBEE equity transaction: Adjusted headline earnings – R767 million (up 6%) […]

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Unaudited condensed consolidated interim financial statements for the six months ended 31 March 2012

Posted 21st May 2012

Pioneer Foods salient features Revenue R9 billion up 11% Interim gross dividend per listed ordinary share 44 cents (2011: 40 cents) After the figures for the reporting period were adjusted by R160.7 million for a once-off share-based payment charge on the B-BBEE equity transaction: Adjusted operating profit (before items of a capital nature) R628 million […]

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A Pioneer-ing Promotion

Posted 20th April 2012

Marrying leading consumer brands and popular retail destination, The Table of Peace and Unity approached Pioneer Foods and Checkers to combine their collective strengths in aid of raising much needed funds for charity. This initiative culminates on Mother’s Day, the 13th of May 2012, with the annual Table of Peace and Unity event held on […]

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Pioneer Foods Interim Results with CEO Phil Roux

Posted 3 February 2015

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