WE NOURISH AND NURTURE MORE LIVES EVERY DAY
Tiger Brands is one of Africa’s largest, listed manufacturers of fast-moving consumer goods (FMCG). Our core business is manufacturing, marketing and distributing everyday branded food to middle-income consumers. We also distribute leading brands in the home, personal care and baby sectors.
In South Africa, Tiger Brands has prominent market shares in a broad range of categories, growing for almost a century through acquisitions and developing its brands.
Towards a shared vision
Tiger Brands has produced commendable results in a year where the macroenvironment has arguably been a greater impediment to corporate performance than in recent memory.
Chief executive officer's review
Achieving our true potential
Achieving our true potential by growing the core and expanding into adjacent categories and geographies, while delivering top tier financial results
We summarise key issues and trends in our operating environment for further insight on our performance.
South African economy
- South Africa out of sync with global recovery, and briefly slipped into recession in 2017 (first time since 2009)
- SA current business cycle downswing has lasted four years, marking the second longest downturn in its history
- Fiscus under extreme pressure:lower tax collections (estimate – R51 billion), higher contingent liabilities from treasury guarantees on borrowings by state-owned entities (R689 billion), sovereign credit rating downgrades (with further downgrades likely)
- Burkino Faso
- Equatorial Guinea
- Sierra Leone