Tiger Brands Roaring into acti…oh, shut up
And speaking of comebacks, which we were just now, Tiger’s having a decent year despite tricky trading conditions. Having disposed of the millstone that was Nigeria, and got some new blood in the form of CEO Lawrence MacDougall, turnover from continuing operations for the year through September grew 11% to R31.7billion, with operating income before accounting charges up 5% to R4.2billion. High input inflation, driven by the travails of the rand and the ongoing drought did impact on the bottom line, but still, a healthy outcome. In other Tiger news, chairman Andre Parker is handing over to Khotso Mokhele, who has been on the board since 2007. And in yet other Tiger Brands news, they have no intention right now to bring Doom to the healthcare section.
Comment: When life gives you Nigerian flour mills, make lemonade, as the saying goes. Nice one.