Research and Markets: South Africa Food and Drink Report Q3 2010

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/419f28/south_africa_food) has announced the addition of the "South Africa Food and Drink Report Q3 2010" report to their offering.

“South Africa Food and Drink Report Q3 2010”

Consumer Weakness Persisting Consumer weakness continues to persist in South Africa with leading food companies painting cautious outlooks. In May 2010, Tiger Brands cautioned that net income for the year to September 30 2010 would be weaker than previously anticipated, as consumer confidence remained stubbornly weak.

Also in May, Pioneer Foods reported a decline in H110 (six months to March 2010) earnings. Headline earnings per share dipped more than 50% year-on-year (y-o-y) to ZARc81.7, while sales revenues fell 5% y-o-y to ZAR8bn (US$1bn).

World Cup To Lift Beer Sales The FIFA World Cup should provide a strong boost to beer with the influx of more than 300,000 tourists contributing to a strong near-term outlook that will to some extent mask over the fact that consumer confidence remains weak. In May 2010, SABMiller announced it would spend SAR170mn (US$21.6mn) in South Africa to drive beer sales. It expects to sell an additional 100,000 hectolitres (10mn litres) of beer over the course of the five week tournament during June-July.

Key Risks to Outlook

Chinese And Eurozone Risks With South Africa much more closely integrated with the global economy than the rest of Sub-Saharan Africa, mounting concerns of a property bubble-led slowdown in China and the fragile state of the eurozone could weigh on private consumption and upset the delicate ongoing recovery in consumer spending.

Key Topics Covered:

• Industry View
• SWOT Analysis
• Macroeconomic Outlook
• Industry Forecast Scenario
• Mass Grocery Retail
• Food
• Drink
• Mass Grocery Retail
• Competitive Landscape
• Appendix
• Food & Drink Methodology

Companies Mentioned:

• Illovo Sugar
• Tiger Brands
• Pioneer Foods
• SABMiller
• Distell
• Shoprite Group
• Woolworths
• Pick n Pay

For more information visit http://www.researchandmarkets.com/research/419f28/south_africa_food