A painful restructuring was part of this period; with a second-phase strategy of restoring vitality to the brands, focusing on growth and competitiveness. The last two years Pioneer was plagued - among other things - by a costly maize hedge transaction, failed corporate action after the downgrading of South Africa, and a surprise change of leadership.
Pioneer Foods is one of the largest South African producers and distributors of a range of branded food and beverage products.
Pioneer Foods exports to more than 60 countries across the globe. The growing international business represents 21percent of operating profit. There are two more reporting divisions, namely Essential Foods and Groceries, representing 64 and 22 percent respectively....
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