date:May 22, 2014
cent on Wednesday, is struggling with tough competition, forcing Tiger Brands last week to write down value of the business by 849 million rand ($81 million).
We've got to cut our coat to fit our cloth, Peter Matlare, Tiger Brands' chief executive said in a telephone interview.
He did not say how many of Dangote Flour's five mills would be mothballed or how many jobs would affected.
We are not just going to cut our way into profit, we have to drive revenue growth too and that business by 201