Quantum Foods lists on the JSE
Johannesburg, 6 October 2014. Today Quantum Foods (JSE: QFH), which was unbundled from the food and beverage producer Pioneer Foods (JSE: PFG), listed on the JSE’s Main Board.
Pioneer Foods has taken a strategic decision to focus on its branded consumer products business and this does not include primary agriculture or related businesses.
Quantum Foods is a primary agricultural business that focuses on animal feeds, eggs, broilers and related businesses on the African continent. Quantum Foods is the owner of the Nulaid egg brand, which is the strongest egg brand in South Africa. The company already operates in Zambia and Uganda and believes it has the ability to expand its egg business into Africa on a large scale.
“The JSE is delighted to welcome Quantum Foods to its Main Board. A recent report by Standard Bank forecasts the number of middle-class households in Sub-Sahara Africa will almost double in the next 15 years. This provides great opportunities for South African companies like Quantum Foods. The JSE is proud to give these companies a platform for expansion as well as the means for investors to share in this growth,” says Donna Oosthuyse: Director Capital Markets at the JSE.
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za
H+K Strategies South Africa
Tel: +27 11 463 2198
011 520 7495