Tag Archive: Shoprite Checkers

Below the belt, below the breadline – South Africa’s inequitable and GM contaminated bread industry

The African Centre for Biosafety (ACB) has today brought into sharp focus the white bread industry in South Africa with the release of its new report “GM Contamination, Cartels and Collusion in South Africa’s Bread Industry.’ The report shows that the white bread tested contains high levels of Monsanto’s genetically modified (GM) soya in the soya flour used in the bread and that most companies are unashamedly flouting GM labelling laws and undermining the consumer’s right to know. The nation consumes about 2.8 billion loaves of bread a year, handing over more than R28 billion of their hard-earned cash to a cartel comprising Tiger Brands, Premier Foods, Pioneer Foods and Foodcorp, that controls the wheat-to-bread value chain. Roughly a quarter of South Africans live below the bread line and price fluctuations in bread – our second most important staple food after maize – has hit the poor the hardest.

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Executive Director of the ACB, Mariam Mayet commented, “A small number of unscrupulous cartels control and benefit from the value chains of our staple foods, maize and bread. They have been repeatedly sanctioned for anti-competitive behaviour, have been complicit in saturating our staple food with risky GM ingredients and

GM Contamination, Cartels and Collusion in South Africa’s Bread Industry

This briefing paper exposes the high levels of GM soya in South Africa’s popular white bread brands and reveals how just four companies – Tiger Brands, Pioneer Foods, Premier Foods and Foodcorp control the Wheat-to-Bread value chain. This value chain feeds into another concentrated retail food market controlled by Shoprite/Checkers, Pick n Pay, Woolworths and Spar. With this report the ACB has now highlighted that South Africa’s top two staples – Maize and Bread – are both controlled by the same cartel.

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GM Maize Cartels Gorge Profits on SA’s Poor, Eye African Markets

The African Centre for Biosafety (ACB) has today released its new research report titled ‘GM Maize: Lessons For Africa-Cartels, Collusion And Control Of South Africa’s Staple Food’ showing how a select group of companies, including Tiger Brands, Pioneer and Premier Foods who have previously fixed the price of bread and maize meal, commandeer the entire maize value chain and continue to squeeze the poorest South Africans. The ACB has recently shown that the entire maize meal market is saturated with GM maize.

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The report shows that the South African government, through the Public Investment Corporation (PIC) is the largest investor in Tiger Brands, and that over 50% of the company’s shares are held outside South Africa. Pioneer Foods’ largest shareholder is Zeder, the agribusiness investment arm of PSG Konsult Group, a private financial services company. Premier Foods is 80% owned by private equity firm Braite, listed on the Euro MTF market in Luxemburg but domiciled in Malta, both jurisdictions being notorious tax havens. ‘These ownership patterns have increased the distance between food producers and consumers, and are lucrative avenues for capital accumulation by actors far removed from these firms’ locales.’ Said Mariam Mayet, Director

GM Maize: lessons for Africa – Cartels collusion and control of South Africa’s staple food

This is a briefing about power and control in our food system, focusing chiefly on South Africa’s staple food, maize. It shows how a select group of companies, including Tiger Brands, Pioneer and Premier Foods commandeer the entire maize value chain and continue to squeeze the poorest South Africans. These corporate giants are now glancing covetously to the vast African market north of the Limpopo. Experiences from South Africa should serve as stark warnings.

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Press statement.