South Africa’s Tiger Brands sells canned fruit business for a rand

CNBC Africa

South Africa’s Tiger Brands to sell canned fruit business Langeberg and Ashton Foods for one rand to consortium. Sale aligns with 2020 strategy shift. Consortium includes Ashton Fruit Producers Co-operative and development finance institution. Tiger Brands to invest 150 million rand in Community Trust for local development initiatives. Effluent plant upgrade planned with additional 31 million rand investment.
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