• Tiger Brands says Listeria outbreak could cost it 1 billion Rand

    One year ago - By Food Safety

    In South Africa, polony products - similar to processed meats such as baloney, hot dogs and sausage in the United States - have been recalled because of Listeria contamination.
    The world's worst listeriosis outbreak is likely to cost Tiger Brands more than financial markets were expecting. And the party coming up with the higher tally is Tiger Brands itself.
    As a publicly traded company on the Johannesburg Stock Exchange, Tiger Brands is providing financial markets with the company's own estimates. The $2.5 billion South African food business says the ongoing listeriosis outbreak could...
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