Shareholders info

About this report


This integrated annual report is intended to be a concise communication about how Tiger Brands’ use of and impact on its capitals lead to creating value over the short, medium and long term. The report covers strategy, governance, performance and prospects, in the context of its external environment, for the year to 30 September 2018, and follows a similar report for the year to 30 September 2017.

For further information, please contact the investor relations director, Nikki Catrakilis-Wagner
T: +27 11 840 4000 E:

Reporting principles and approach

The annual financial statements have been prepared in line with International Financial Reporting Standards (IFRS) and the South African Companies Act.

In reporting on environmental, social and governance (ESG) aspects, we are guided by:

  • King IV report
  • Listings Requirements of the JSE Limited
  • Standards and codes governing specific areas, including the Department of Trade and Industry’s broad-based black economic empowerment (BBBEE) codes of good practice
  • Guiding principles of the International Integrated Reporting Committee (IIRC) framework (2013) – Tiger Brands reports against strategic goals and, as appropriate, how these affect the six capitals in this framework
  • We use the GRI standards to guide us in our sustainability reporting.

Boundary and scope

Entities/stakeholders considered in determining reporting boundary

While this report is aimed primarily at providers of capital, we believe financial and non-financial disclosure will interest all stakeholder groups. The report covers the operations of Tiger Brands and its subsidiaries, with limited disclosure on associate companies, for the review period. For completeness, however, we have endeavoured to include risks, opportunities and outcomes attributable to or associated with entities or stakeholders beyond Tiger Brands that have a significant effect on our ability to create value, illustrated below.

In this review period, our major issue was the Listeria outbreak, which highlighted the need to strengthen quality controls in the broader South Africa food industry. We are spearheading the initiative to upgrade controls to global standards.

There were no changes to the boundary or any measurement techniques in 2018.

Supplementary information

This report should be read with our sustainability report and annual financial statements on our website for a full understanding of the group.


Our combined assurance model is set out here.

Reporting boundary for integrated report (risks, opportunities and outcomes)