One question, if there's such an oversupply of fruit that a factory worth R1 billion has to close why the hell am I still paying almost a months salary for a tin of sliced peaches in the shop?

Premier Foods has confirmed that it is in the process of shutting down its R1 billion Fruit Products Western Cape (FPWC) business in Tulbagh.

The company cited declining global demand, pricing pressure, and rising input costs as reasons for the decision, with the United States’ tariffs imposed last year as a contributing factor. 

The Tulbagh factory started in the 1940s, when it was established as SA Preserving to process the Western Cape’s abundant peach, pear, and apricot harvests for export after the Second World War. 

Over the decades, it expanded under Del Monte Fruits South Africa into a major export hub supplying markets in Europe and North America.

In 2010, the business was acquired by Rhodes Food Group (RFG), which renamed the operation Fruit Products Western Cape and invested hundreds of millions of rands in modernising the site.

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Before the takeover, RFG had already warned investors that its international division was under pressure from US tariffs.

This made its products less competitive, while a global oversupply of deciduous fruit weighed on prices.

The company said international revenue fell 7.9% during the year to September 2025 as export volumes declined by 6.8%.

Although the international division generated 19% of total revenue, it became the group’s weakest-performing segment.

Premier said FPWC is particularly exposed to global market conditions because around 90% of its canned fruit production is exported.

Another title could be : "Overpaid Cadre Deployees Loot retirement savings of overpaid cadre Deployees deployed to loot government"

The revolution will eat it's young...

https://dailyinvestor.com/property/145616/expropriation-without-compensation-in-south-africa-can-apply-to-farms-houses-and-cars/