South African consumer goods giant Tiger Brands has completed the sale of three of its meat processing businesses to Silver Blade Abattoir, a subsidiary of Country Bird Holdings. The sale agreement will formally come into effect on November 1.

Tiger Brands said the operation is aimed at selling assets that have become non-core and unprofitable. Also, the listeriosis outbreak in 2017 in South Africa led to the temporary closure of Tiger Brands' meat processing units, thus weakening this activity and the industry in general.

The group had already approved the sale of a slaughterhouse unit to Molare Proprietary Limited.

Chamberline Moko