Tiger Brands H1 earnings hit by South Africa cold meat recall costs

South Africa’s Tiger Brands reported on Thursday a 16% drop in half-year earnings, weighed down by R365-million ($29.24-million) in costs due to a recall of cold meat products in response to a listeria outbreak. The country’s biggest food producer suspended production at its Polokwane, Germiston, Pretoria and Clayville sites in South Africa in March. The four sites produced polony and other cold meats that were linked to the listeria outbreak that has killed 200 people since early 2017.