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Companies

SA's Tiger Brands to focus on home market after Africa review

Tiger Brands sold its Nigerian business to billionaire Aliko Dangote. PHOTO | STEPHANE DE SAKUTIN | AFP
Tiger Brands sold its Nigerian business to billionaire Aliko Dangote. PHOTO | STEPHANE DE SAKUTIN | AFP 

South African food company Tiger Brands has almost completed its strategic review and will return its focus to middle-income consumers in its home market, it said after posting a 6.3 per cent rise in half-year profit.

Tiger Brands, which makes bread, breakfast cereals and energy drinks, started the review under new chief executive Lawrence MacDougall after heavy losses in Nigeria.

The company sold the bulk of its Nigerian business to Dangote Flour Mills last year and has also pulled back from East Africa as part of the review.

"The immediate priority is to rejuvenate the domestic business to deliver sustainable, profitable growth," the company said on Thursday.

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