Tiger Brands Considers North Africa for Continental Expansion
- Growth strategy has been delayed after listeriosis crisis
- Company wants to make sure South Africa business is secure
This article is for subscribers only.
Tiger Brands Ltd. is considering North African nations among expansion targets as the continent’s biggest listed packaged-food maker looks for growth outside its home market of South Africa.
The company is still developing its ‘rest-of-Africa’ strategy, which has been delayed by about six months as management dealt with one of its plants having been linked to South Africa’s listeriosis infection crisis, said Chief Executive Officer Lawrence Mac Dougall. Tiger Brands, which sees its core business as supplying food products to middle-income consumers, also wants to make sure that its business at home is “secure and healthy” before making big moves elsewhere, he said.