Pro-Palestinian activists threaten to disrupt dairy producer's operations
Life cycle: Johann Vorster, CEO of Clover, on a walk around at the Clover plant in Olifantsfontein, Gauteng. Picture: SUNDAY TIMES
“We cannot select our shareholders,” Clover CEO Johann Vorster said on Tuesday in response to the criticism about the composition of the consortium.“The mother brand is well-known and consumers are loyal to our various brands,” he said. Vorster said the proposed transaction was in line with President Cyril Ramaphosa’s push for foreign direct investment. The consortium would use the acquisition of Clover as a platform for further growth into the rest of Africa, he said.“It is good for SA that an international company wants to grow South African products. And this is not a merger, so there will be no job losses.”
Subdued consumer confidence, deteriorating disposable household income, sugar tax and higher fuel costs loomed large over the company’s performance in the six months.
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