Tiger Brands, still reeling from the effects of the listeriosis outbreak that killed more than 200 people, faces a class-action suit of hundreds of millions of rand after claimants got the green light to sue the food producer. Judge Phineas Mojapelo of the South Gauteng High Court granted a certification order on Monday, paving the way for a class-action lawsuit relating to the outbreak in March. The order is the court’s determination that a class action is the best way deal with listeriosis claims. Tiger Brands, which has a market capitalisation of R50.9bn and posted a R2.4bn net profit for the year to September, said on Monday it had not set aside money to cover the looming claims. “We have insurance appropriate for a company of our size in respect of product liability. Our insurers have confirmed that the policy will respond. However, as we have yet to receive an enumerated claim, we cannot determine the extent, if any, of any further exposure,” said spokesperson Nevashnee Naicke...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.