Tiger Brands faces uphill bread battles as SA rivals gear up
09 August 2015 - 02:00
Dangote Flour Mills (DFM) in Nigeria, 65.7% owned by South African consumer-goods company Tiger Brands, released yet another set of disappointing quarterly results this week. Combined with problems at Tiger Brands' Haco subsidiary in Kenya, the company has underperformed its peers over the past year and is under pressure to stop its cash burn in Africa.
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