Tiger Brands: Tiger Brands annual profit rises on high food prices

Tiger Brands posted a 4% rise in annual earnings on Wednesday, as the country's largest food producer raised prices to offset higher input costs, but they were not enough to boost volume growth amid tight consumer spending. Consumer goods producers globally have been raising prices to cope with surging costs for almost all raw materials, energy, and packaging after Russia's invasion of Ukraine compounded pandemic-related supply chain logjams.