The world’s worst listeriosis outbreak is likely to cost Tiger Brands more than financial markets were expecting. And the party coming up with the higher tally is Tiger Brands itself.
As a publicly traded company on the Johannesburg Stock Exchange, Tiger Brands is providing financial markets with the company’s own estimates. The $2.5 billion South African food business says the ongoing listeriosis outbreak could cost the company 800 million Rand, or more than $67.5 million.
FoodWorld 