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Tiger slaps its own wrist
Executives are walking away with millions for keeping quiet. Lloyd Gedye reports.
Peter Matlare
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Tiger Brands to sell 10% to BEE partners
South African consumer foods and healthcare products group Tiger Brands plans to sell an additional 10% to black-economic empowerment (BEE) investors after the completion of the unbundling of its healthcare products unit, it said on Tuesday. "Post-unbundling, an additional broad-based equity deal of approximately 10% will be implemented," CEO Peter Matlare said.
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Tiger Brands to ‘clean house’
Tiger Brands is starting a company-wide review to ensure there is no more anti-competitive behaviour after cartels in the healthcare and bread and milling sectors were recently exposed, CEO Peter Matlare said on Friday. ”We are cleaning house. We are going door-to-door and cupboard-to-cupboard,” Matlare told reporters in Johannesburg.
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Matlare appointed new Tiger Brands CEO
Tiger Brands has appointed Peter Matlare as its new CEO from April 1, the company announced on Tuesday. ”We believe he will bring a diverse set of skills and leadership abilities to Tiger Brands,” Tiger Brands’s non-executive chairperson Lex van Vught said in a statement.
