Consumer centric approach sees a rise in Clovers headline earnings per share
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Branded consumer goods and beverages group, Clover released its interim results on Tuesday reporting a 4% rise in revenue and a 5% increase in headline earnings, while cost of sales along with distribution costs rose as sugar taxes and a sharp increase in the fuel price weighed. Last month a consortium of companies made an offer to buy the business for R4.8bn, reports suggest that management plans to back the deal despite some backlash. Company's CEO, Johann Vorster joins us for perspective on the numbers and an update on where that deal actually stands.