…There is no direct link to the presence of listeria in our factories, and the deaths… Tiger Brands will never shirk its responsibilities if it is proven that we are the cause of any deaths… We’ve done what you would expect us to do…— Noel Doyle, Tiger Brands
The world’s largest ever listeriosis outbreak could end up costing Tiger Brands up to R800 million:
Legal claims of about R425 million for more than 180 deaths blamed on processed meat from its subsidiary, Enterprise Foods.
- The cost of suspending operations and destroying suspect food would be between R337 million and R377 million (Tiger Brands hopes to recoup R94 million from insurers).
Tiger Brands on Monday conceded that it had independently verified the Department of Health’s finding that there was listeria in its Polokwane factory.
Nevertheless, the group refuses to admit guilt for any casualties.
On Monday the company recalled all products manufactured at its Value Added Meat Products facility in Pretoria after it detected listeriosis.
The Money Show’s Bruce Whitfield interviewed Tiger Brands CFO Noel Doyle.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
If these suspensions of operations continue… each month costs us R50 million…— Noel Doyle, Tiger Brands
We’ve never actually denied… that’s why we closed down those factories…— Noel Doyle, Tiger Brands
It’s a significant cost, even for a company of Tiger’s size.— Noel Doyle, Tiger Brands
We are working flat-out… to try and get to the bottom of how this bacteria has found itself in our factories…— Noel Doyle, Tiger Brands
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Advertising Regulatory Board (ARB) has ordered the investment group to withdraw an ad that "disparages" its competitors.
CEO at the Tourism Business Council of SA Tshifhiwa Tshivhengwa says they are looking to find a lasting solution.
CEO at Curro Holdings Andries Greyling explains how the company has manged to sustain good growth.
Bruce Whitfield interviews human rights lawyer Richard Spoor, who is urging families of victims to join his lawsuit.
The Money Show’s Bruce Whitfield interviews FarSightFirms analyst Rob Worthington-Smith.
Bruce Whitfield interviews Evan Walker (Portfolio Manager at 36ONE Asset Management) and Rosalind Lake (Director at Norton Rose).
The National Credit Amendment Bill aims to help indebted consumers earning less that R7,500 per month, restructure their debt.
Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.
Home Affairs Minister Aaron Motsoaledi says Qatar has also relaxed entry requirements for SA citizens.
The High Court has ordered that the Public Protector personally pay some of the legal costs for the DA and Casac.
A staggering 123,843 posts are available in the national and provincial departments.
Property economist Francois Virul explains the changes in property prices over the past few years.