72-year-old R1 billion factory officially shutting down in South Africa

• Premier Group has decided not to reopen its cannery for the upcoming harvest season.
• The factory has a history stretching back to the 1940s, when it began operating as SA Preserving, and has been affected by deteriorating conditions in the global canned-fruit industry.
• Premier has initiated a Section 189 consultation process affecting 424 employees and remains open to selling the operation as a going concern.