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Tiger Brands Limited Integrated Annual Report
2014
Performance review
Appreciation
The board and I are particularly appreciative
of our strategic partners in our ventures in
Nigeria, Chile, Kenya, Cameroon, Ethiopia
and Zimbabwe. Without them, we would
have no business to speak of in these countries.
On a similar note, I wish to thank our loyal
consumers and business partners for their
continued support that makes Tiger Brands the
largest branded food company in Africa. We
realise that this display of confidence places
an onus on us to meet your needs.
Finally, and on behalf of the board, I wish to
thank Peter Matlare and his excellent team of
managers for their endeavour in producing this
set of results. It is comforting to know that we
have a great management team who give it
their all.
André Parker
Chairman
Tiger Brands is willing and able to play its part
in joining government, NGOs and other
businesses in contributing to this process. We
are active in a number of corporate social
investment projects that are outlined later in
this report.
We are particularly proud of the role played
by the Tiger Brands Foundation which has
evolved an integrated model of working
effectively with government in providing free
breakfast to learners at beneficiary schools
throughout the country. This year we celebrated
the 20 millionth meal served to needy learners
who otherwise would have had to start their
daily studies on an empty stomach.
Outlook
The outlook for our South African operations is
closely linked to the economic outlook for the
country, and therefore remains muted. On the
balance of the continent economic prospects
are brighter, although challenges of a different
nature need to be addressed, especially in
Nigeria.
In short, we do not expect much assistance
from the macro-environment, and understand
that it is up to us, your board and the
management team, to achieve the results that
you expect from us.