As a result of the ongoing civil unrest, looting and vandalism in Kwa-Zulu Natal and parts of Gauteng, JSE-listed food manufacturer Tiger Brands estimates the costs of the loss of stock to be in excess of R150-million. A number of its sites in KwaZulu-Natal have been affected by acts of looting and vandalism resulting in damage to its rice, snacks and treats operations and, while the situation in the province remains volatile, the company says further risk to its other facilities in the area persists.
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