Tiger Brands slash costs by R450m due to full-year profit slump

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Prime Controls
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Canned Water 4 Kids

Listed fast-moving consumer goods (FMCG) manufacturing giant Tiger Brands is set to slash costs by R450 million in its 2022 financial year after the recall of about 20 million canned vegetable products and the July unrest cost it R732 million pre-tax. Last week, the group released its annual results for the full-year ended September 2021, which…

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