date:May 22, 2014
South Africa's biggest consumer foods maker, Tiger Brands, (TBSJ.J) will mothball some mills at its Nigerian unit in an attempt to turn around the money-losing maker of pasta and flour by 2016.
Tiger Brands, which also reported a small rise in first-half profit on Wednesday, has been trying turn a profit from Nigeria's Dangote Flour Mills (DANGFLO.LG) since paying $188 million for about 63 percent two years ago.
But the Nigerian company, whose half-year pre-tax loss widened by more than 10 per