Freshpak-owner cuts 428 jobs

• AVI reduced its year-end headcount from 9,108 to 8,680 in 2026, a reduction of 428 employees.
• AVI reported a strong performance, with revenue of R16.24 billion and a profit of R2.56 billion for the year, despite a challenging consumer climate.
• AVI declared a final dividend of 418 cents per share and a special dividend of 300 cents, following its strong results for the year.