Loading tweets...
Tiger Brands, the South African consumer goods manufacturer, has announced plans to sell its Beacon chocolate brand along with the associated equipment for chocolate slabs, Easter eggs and assortments. The divestment agreement was entered into in May 2026.
To support its “snackification” growth platform, Tiger Brands will retain several profitable chocolate and snack brands. These are TV Bar, Nosh, Wonder Bar, Black Cat chocolate, Jelly Tots chocolate and the Jungle energy bar.
Additionally, the company entered an agreement in April 2026 to sell property relating to its previous chocolate and candy business, aiming to conclude the sale by the end of the 2026 financial year. As a result, Beacon chocolate is recognised as held for sale in Tiger Brands’ H1 2026 financial statements. A 92 million ZAR ($5 million) impairment associated with the Beacon sale is included in the H1 2026 results, though this will reportedly be negated by the end of the financial year through the anticipated profit on the sale of the property.
For the six months ended 31st March 2026, Tiger Brands reported overall revenue growth of 1.3% to 17.9 billion ZAR ($981 million), with operating income increasing by 26.1% to 2.1 billion ZAR ($115 million).
Source: Tiger Brands
