JOHANNESBURG - Rolling power cuts and higher input prices are giving South Africa’s largest food producer Tiger Brands a headache.
It says it has spent over six times more on power cut expenses in the six months to the end of March compared to the same period last year from R12-million to R76-million.
The maker of Jungle Oats, Tastic rice and Albany bread reported a double-digit increase in interim revenue of 16 percent as it passed on escalating input costs to customers.
However, it says many customers -- now with smaller disposable incomes -- are buying less.