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Clover, Nestlé meet conditions for JV

JSE-listed Clover and Nestlé South Africa had met all the conditions precedent to form a new joint venture entity, Clover Waters, which would manufacture, distribute, market and sell bottled mineral water and iced tea under three Nestlé brands. The effective date for the transaction is August 1, after which Clover Waters would inject R58-million in shares to acquire Nestlé South Africa’s Doornkloof property in Gauteng, its bottled water manufacturing facility and its water rights.

Numsa threatens strike at VWSA Uitenhage plant

The National Union of Metal Workers of South Africa (Numsa) on Friday threatened to embark on industrial action at automotive manufacturer Volkswagen South Africa’s (VWSA’s) Uitenhage plant over the alleged dismissal of workers. Numsa national treasurer Mphumzi Maqungo told Engineering News Online that six employees had been dismissed since February as a result of disputes over the authenticity of doctor’s letters submitted to the company following the granting of sick leave.