AVI earnings rise 17% as it pushes up prices

4 Mar 2024
But port inefficiencies cost I&J export sales, and Red Sea problems increase shipping costs

04 March 2024 - 08:09

Up - Figure 1
Photo Business Day

UPDATED 04 March 2024 - 15:17

by Jacqueline Mackenzie and Katharine Child

Consumer goods group AVI, whose brands include Bakers biscuits and Five Roses tea, says inefficiency at SA ports and failing infrastructure are adding to the cost of doing business. 

“Locally, SA’s port inefficiencies, load-shedding and continued infrastructure failures will continue to add cost and complexity to our business.”..

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