Proudly sponsored by

Talks underway to explore how to keep Tiger Brands canning factory open

Western Cape Premier says interested parties are engaging with the company.
Image: Paul Hanna/Bloomberg

Talks are underway between authorities and Tiger Brands to look at ways to keep the Langeberg & Ashton Foods facility open, the Western Cape government said in an emailed statement on Tuesday.

Tiger Brands’s plans to close a fruit and canning operation in the Western Cape may result in the loss of more than 4 000 jobs, the region’s government said.

Read: Looming shutdown of Tiger Brands’s canning factory ‘disastrous’ – Agri SA

Tiger Brands, Africa’s largest listed food maker, announced last week it’s in talks with employees about shutting down the plant after failing to find a viable buyer since announcing plans two years ago to exit the business. Western Cape Premier Alan Winde said interested parties are engaging with the company about the enterprise, as it encouraged other potential buyers to come forward.

“Tiger Brands wants potential buyers to demonstrate that they have sufficient working capital to keep the cannery operating as a going concern,” Winde said.

Read: Tiger Brands in Talks with Employees as Fruit Unit Closure Looms

Farm-lobby group Agri SA has said the Langeberg & Ashton factory is the biggest in South Africa and one of only two fruit-canning plants in the country.

© 2022 Bloomberg L.P.

COMMENTS   0

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Subscribe to our mailing list

* indicates required
Moneyweb newsletters

Instrument Details  

You do not have any portfolios, please create one here.
You do not have an alert portfolio, please create one here.
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us: