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Tiger Brands to launch venture capital fund
Geographically, the fund, which will be launched in June, will predominately focus on South Africa, "but not exclusively so," Doyle told analysts after presenting the company's half-year results.
The company's total revenue from continuing operations increased by 8% to R16.4bn for the six months ended 31 March 2021, underpinned by price inflation of 9% and offset slightly by an overall volume decline of 1%.
In the face of a very challenging operational & trading environment, we're pleased to report strong operational execution and resilience, delivering a solid performance in the 1st half of 2021. pic.twitter.com/Ai03FsC07R
— Tiger Brands (@TigerBrands) May 20, 2021
Tiger Brands owns popular household brands including Koo, Jungle, Beacon and Fatti's & Moni's.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/About Nqobile Dludla
Reporting by Nqobile Dludla; editing by Mfuneko Toyana. Additional reporting by Lauren Hartzenberg.Related
