AVI Downbeat on H2

South African fast-moving consumer goods (FMCG) company AVI has followed other leading South African food and drink companies by painting a fairly downbeat H210 (six months ending June 30 2010) outlook as economic weakness continues to bite into the FMCG industry. Although fairly robust economic growth of 2.6% is forecast for 2010, improvements in labour markets and confidence are still lagging, with consumers likely to continue exercising discretion over the

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