Volume declines and a profit squeeze prompted shares in Tiger Brands to crash almost 17% on Tuesday, with the CEO of SA's biggest food producer saying it is grappling with the worst consumer environment he's seen in 25 years in the industry.
The owner of brands including Jungle Oats and Koo is also now making plans to deal with Stage 10 load shedding, and even grid collapse. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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