AVI earnings rise 17% as it pushes up prices
But port inefficiencies cost I&J export sales, and Red Sea problems increase shipping costs
04 March 2024 - 08:09
UPDATED 04 March 2024 - 15:17
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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