Showing posts with label Clover. Show all posts
Showing posts with label Clover. Show all posts

Monday, 7 March 2016

Buharinomics: Another South African Company Pulls Out Of Nigeria


Nigeria President Muhammadu Buhari arrives at Indira Gandhi International Airport for the Third India-Africa Forum Summit in New Delhi on October 27, 2015. | Sajjad Hussain/AFP/Getty Images


Clover, a South African beverage line responsible for the production of Tropika fruit juice, says it is withdrawing future investments in the Nigerian market.

Clover becomes the second South African country in two weeks to toe this line. In its fiscal year end profit/loss posting, the company said the financial crisis in Nigeria is to blame for its withdrawal from the Nigerian market.