Class action against Tiger Brands looms
JOHANNESBURG - After one of Tiger Brands food factories was linked to a listeria outbreak that has killed 180 people since early 2017, the company will be facing a class action lawsuit after a South African court on Monday granted a class action certificate to victims of listeriosis.
In April this year, Business Report reported that Richard Spoor, a human rights advocate who previously masterminded a massive class action on behalf of gold miners with silicosis, filed the lawsuit on behalf of families affected by the listeria outbreak.
The case against Tiger Brands was clear, Spoor said.
Tiger Brands stock shed more than a third of its market value, some 28.4 billion rand, since it was implicated in the listeria outbreak on March 4, Reuters reported. The shares traded 3.7% higher at R277.90 by 11:47am, tracking a stronger market after China and the United States agreed to a ceasefire in their trade war that has shaken global markets, Reuters reported.
BUSINESS REPORT ONLINE