In the pleasant and tropical nation of Malawi, Coca-Cola Beverages Africa (CCBA) has commenced operations following the acquisition of SOBO, Castel’s soft drinks business, through CCBA’s local subsidiary Coca-Cola Beverages Limited (CCBL). “We see a compelling long-term growth opportunity in Malawi that will benefit our business as well as consumers in this market,” explains CCBA CEO Jacques Vermeulen. Back home, Rainbow Chickens – trading under its own proud banner once more as a division of RCL FOODS – is kicking up a righteous fuss about the decision of Minister for Trade Industry and Competition (Dtic) Ibrahim Patel to delay the imposition of higher anti-dumping against Brazil, Ireland, Denmark, Poland, and Spain for 12 months. The decision, argues Rainbow, will not help South African consumers one bit, and will unfairly prejudice businesses like themselves which are creating jobs here in the Beloved Country. “As investors in the poultry industry, we remain supportive of the Poultry Master Plan which was co-created by the government and industry to harness and support the local industry’s potential,’ says RCL parent Remgro. Finally, Kimberly Clark expects that prices for nappies, toilet paper, and other essentials, already increasing to the tune of +6% to +8% across its categories, are likely to go up even more, reaching as much as +10% on the back of supply chain issues and the increasing cost of pulp.
Comment: The anti-dumping tariffs – a whacking 265% in the case of Brazil – are a real protection for our embattled but defiant local producers.