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Time Out
3 days ago
- Time Out
How to spend a luxurious day in Cape Town
Cape Town is a day-tripper's delight on any given day of the week. Whether you live in the city or are visiting for the first time, your choices are endless. Simplicity, they say, is the ultimate sophistication. With this in mind, we've curated a seamless guide to spending a luxurious day in the city - made even more effortless with your Capitec Credit Card. Morning: Sumptuous Sunrise Delights and Artistic Exploration Breakfast with a view Kickstart your day with a rooftop breakfast at the Radisson Red Hotel in the V&A Waterfront. Choose from a selection of breakfast options at their Rooftop Bar & Terrace, open from 8am. You'll enjoy panoramic views of Table Mountain and the V&A Waterfront, setting the ideal tone for your day of pampered spoils. Immersive Contemporary African Art Just a short stroll across the Silo District, you'll find the largest museum of contemporary African art on the continent, The Zeitz MOCAA. Housed in a transformed grain silo, it's a testament to Cape Town's innovative spirit, with cutting-edge exhibitions set to stimulate your creative juices. Midday: Coastal Elegance and Culinary Delights Scenic Drive Along Chapman's Peak to Boulders Beach Cape Town's scenic beauty is in a class of its own. Fortunately, the city has several picturesque drives, providing ample spots to stop and take in the view – and snap that perfect selfie. Chapman's Peak Drive sets the pace with its outstanding road safety engineering as the backdrop to the Atlantic Ocean's cinematic seascape views. Later, make your way to Boulders Beach to marvel at the charming, yet critically endangered African penguins who have set up a colony alongside this natural rock tidal pool. Feeling adventurous? Why not take a dip. Or head to nearby Simon's Town for a thrilling shark cage diving experience with Shark Explorers. Underwater, you're more likely to see Bronzies than a Great White these days, coupled with some seals or rare Cape Otter sightings. You will, however, come away with an unforgettable glimpse into the Cape's dramatic marine life and secret world beneath the waves. Lunch at La Colombe Now that you've worked up quite the appetite, pace yourself for a leisurely lunch at La Colombe in the Constantia Valley. Their lunch experience gives you a first-hand preview of why they are consistently ranked among the world's best restaurants - all set against the backdrop of the lush Silvermist Wine Estate. Afternoon: Vineyard Sips and Island Spa Twists Wine Tasting in the Valley Staying in the scenic Constantia Valley, make your way to the OG of the Cape's vineyards: Groot Constantia. Here, fine wine and rich architectural heritage converge. Sip your way through award-winning vintages while strolling the estate's manicured gardens and soaking in centuries of history. Relaxation on an Island Oasis Return to Cape Town and unwind at the newly revamped One & Only Spa. You'll be able to bliss out for an hour with a bespoke facial or a sought-after Bastien pedicure. Evening: Sunset Sips and Gourmet Dining Cocktail Sundowner Cruise As the sun sets, why not head back to the ocean for a Table Bay Harbour boat cruise? Sip on your favourite cocktails or bubbly as you enjoy unobstructed views of the Waterfront and Atlantic Seaboard beachfront, making it the perfect spot for golden hour. Dinner at FYN Restaurant How you finish your day of opulence matters. So, why not take a culinary journey at FYN, globally recognised for its masterful blending of South African flavours with Japanese techniques. Located in the city centre, its minimalist design and open kitchen create an immersive dining experience that's worth every bite. Night: Rest in Refined Luxury Stay at The Marly End your day off with a seascape stay along Camps Bay at The Marly, a boutique hotel set on the famous beach strip. Here you'll be wrapped in modern luxury with the crisp South Atlantic atmosphere hitting all the right notes. Savings Tip: Credit cardholders can benefit from exclusive accommodation deals. Check Capitec's official website for the latest on partner deals and rewards. So, there you have it. Unlocking Cape Town's finest offerings has never been simpler, ensuring that every moment is both an indulgent and rewarding experience. Travel Tip: Did you know your Capitec Credit Card comes with free travel insurance of up to R5 million for international trips - and zero currency conversion fees? That means more peace of mind and more spending power wherever you go. TIME OUT RECOMMENDS:
Reuters
24-04-2025
- Business
- Reuters
Keurig Dr Pepper beats profit estimates on strong U.S. demand
April 24 (Reuters) - Keurig Dr Pepper (KDP.O), opens new tab reported first-quarter revenue and profit above Wall Street expectations on Thursday, helped by strong demand for its energy drinks and beverages among U.S. consumers. WHY IT IS IMPORTANT The Snapple maker saw resilient demand for its higher-priced ready-to-drink beverages, especially in the U.S. market, fueled by new flavor variants including Dr Pepper Blackberry and Snapple Peach Tea & Lemonade. Keurig has also benefited from the popularity of energy-drink maker Ghost's products, having bought a 60% stake in October. In contrast, bigger rival PepsiCo (PEP.O), opens new tab cut its annual profit forecast and warned of higher production costs and more volatility from President Donald Trump's trade tariffs, after narrowly missing quarterly profit estimates. MARKET REACTION Shares of Keurig Dr Pepper, which have risen about 10% so far this year, were up about 2% in premarket trading. CONTEXT U.S. consumers may face a surge in product prices following President Donald Trump's tariffs on trading partners. Tariffs have put the company's business in Canada and Mexico at risk, especially as Canadian consumers boycott certain U.S. products. Coffee prices could also rise further due to tariffs, hurting the company's margins and consumer demand. An ongoing destocking at retailers is expected to weigh on some packaged foods makers, but RBC analyst Nik Modi said Keurig's increased distribution of La Colombe coffee, Electrolit beverages and Ghost energy drinks may help offset those pressures. BY THE NUMBERS Keurig Dr Pepper posted an adjusted profit of 42 cents per share for the quarter, beating analysts' average estimate of 38 cents per share, according to data compiled by LSEG. Net sales rose 4.8% to $3.64 billion, compared with estimates of $3.57 billion. Its biggest segment, U.S. Refreshment Beverages, saw an increase of 11% in sales. The company reaffirmed its annual revenue and profit forecasts from February.
Forbes
22-04-2025
- Business
- Forbes
Why Chobani's Billionaire Founder Is Investing $1.2 Billion In A State-Of-The-Art New York Dairy
Chobani's billionaire founder is going all-in on being American-made. CEO Hamdi Ulukaya broke ground this week on a new state-of-the-art facility in upstate New York that will produce one billion pounds of Chobani's yogurts, creamers and other products. Ulukaya says he will invest $1.2 billion in all, and the plan comes just a month after he also revealed he is spending $500 million to expand Chobani's plant in Idaho—and he says this is just the start. 'A lot of good food hasn't been made accessible to all,' Ulukaya, 52, tells Forbes of the expansion. 'And if you figure out how to make it accessible to all, the hardest part is how do you make sure that you actually have the manufacturing capability to do it.' 'We do everything in-house,' he continues. 'A hundred percent of the products we make. It's hard to do because that means plants.' As America's top-selling yogurt brand with $3 billion (annual revenue) and yogurt sales up 20% last year, Chobani is in a position most food companies would envy. Chobani, which acquired La Colombe coffee for $900 million in 2023, is one of the largest independent and privately held brands in the consumer packaged goods industry. And it's made Ulukaya, an immigrant from Turkey who owns the majority of the business, worth an estimated $2.4 billion. Now Ulukaya is using his clout to double down on the Northeast at a time when the region has faced an exodus of dairy farmers. Chobani and the New York governor's office are calling the investment the nation's largest in natural food manufacturing. The new plant will be financed through Chobani's cash on hand. A Chobani spokesperson said 'These projects are multi-year projects that do not require the company to take on any additional debt at this time.' In addition, incentives from New York state include $73 million in tax credits over ten years and $22 million from an economic development shovel-ready grant program, Fast NY. The new facility will be designed to process up to 12 million pounds of milk each day, which means Chobani, already New York's largest milk purchaser, will increase its spend by an estimated 6 billion pounds annually. That will be huge boon for the surviving dairy farmers in the region, many of whom have struggled as volatile prices and industry consolidation have driven many farms out of business, while major competitors like Danone have cut contracts or left the region entirely. 'Our region has really unique challenges,' says Gary Hirshberg, the founder of Stonyfield Organics, citing the Northeast's higher costs for energy as well as feed for dairy cows. 'Investment is badly needed. We've lost a lot of the dairy infrastructure. So any significant investment in upstate New York dairy, it's only a good thing.' But Hirshberg adds that sourcing additional conventional milk is 'not really solving the problem' because the milk sells for such low prices. Organic milk is better for farmers, especially those in the Northeast where the farms are far smaller than on the West Coast, he notes, because farmers need the premium price that organic milk fetches to insure that a small family farmer can still make enough money to sustain their business and withstand shocks to the industry. And there's currently an organic milk shortage. 'That's really where investment is needed,' he says. Instead, Chobani has gone mass-market. When completed, the 1.4 million-square-foot facility in Rome, New York, will be capable of handling up to 28 production lines. Sitting on 150 acres across the site of the former Griffiss Air Force Base, the new plant will be Chobani's second in the state and is expected to create 1,000 full-time jobs in the area. 'Big food has plants, infrastructure, all that stuff and that is very hard to build,' Ulukaya says. 'We spend more time on the fundamentals of the business, which is making it. To make it to the next level, it's about the fundamentals.' These massive infrastructure investments mark a full circle moment for Ulukaya. Born to a Kurdish family of farmers in a small village in eastern Turkey, he grew up learning how his family made cheese and yogurt. In 1994, he immigrated to New York to study English, and his father later asked him to import the family's feta cheese after realizing the poor quality of what was sold in the U.S. Ulukaya then started making and selling his own feta made in a small factory in upstate New York, but the business barely broke even. The right idea struck in 2005, when the then-33-year-old Ulukaya randomly came across an advertisement for a fully stocked yogurt factory for sale in South Edmeston, New York (about an hour away from the new one). The then-84-year-old plant had been shut down by Kraft, and after a tour, Ulukaya was inspired to give it a new life. Against the advice of his lawyer, Ulukaya purchased the facility with a small business loan. Feeding Frenzy: "If we can't feed our children good food, that's not a success,' Ulukaya says. 'Chobani is tomorrow's food company.' He spent two years perfecting his Greek yogurt recipe before shipping the first cases to a grocer on Long Island in 2007. From there, Chobani's Greek yogurt quickly became a hit on shelves, thanks in part to its lower sugar and higher protein levels than the American-style yogurt popular at the time. As Ulukaya pioneered a major shift in the yogurt aisle, competitors started rebranding their yogurt as Greek. But customers got confused. Poorly made products were ruining Greek yogurt's reputation, and the over-saturation of brands made the situation worse. Yet Chobani persevered and maintained its customer base, coming out of the fray stronger for it. Throughout that period, Ulukaya prioritized his New York manufacturing while building Chobani's first Northwest operation with a $450 million plant in Twin Falls, Idaho in 2012, claimed at the time to be the world's largest yogurt factory. Chobani had just surpassed $1 billion in annual revenue, and the expanded infrastructure gave Ulukaya the chance to focus on quality, while most of his competitors were turning to contract manufacturers selling off-the-shelf formulas. 'The fight I give as a founder is, how do I make sure that this is still entrepreneurial, but it has structures?' Ulukaya says. As investing in infrastructure became key to Ulukaya's strategy, it also became a crucial part of why Ulukaya has maintained majority control while avoiding bringing on many outside investors, as many prioritize short-term returns over longer-term investments in self-manufacturing. 'This company is never going to be part of any other company. Never,' he says. 'This company is built to serve for a long, long time delivering good food to the people.' And now that Ulukaya has two major renovations ongoing at once—in Idaho and New York— his full vision is starting to come into view. 'We could make all the advances in life, but if we can't feed our children good food, that's not a success,' Ulukaya says. 'Chobani is tomorrow's food company.'
Yahoo
25-03-2025
- Business
- Yahoo
Chobani to invest $500m in Twin Falls plant expansion
US food and beverage company Chobani is investing $500m to expand its plant in the city of Twin Falls in Idaho. The company, known for its Greek-style yogurt, said the Twin Falls facility expansion would 'strengthen Idaho's dairy industry' by adding over 500,000 sq ft of space and boosting production capacity by 50%. Described by Chobani as 'the largest natural food production facility in the country', the Twin Falls site manufactures Chobani yogurt, oat milk and coffee creamers. While Chobani has not provided a timeline for completion, the City of Twin Falls government, in a separate announcement, said construction will begin 'immediately,' with operations expected to start in early 2026. A Chobani spokesperson confirmed to Just Drinks the 160 jobs created through the investment will be full-time roles. Once the project is completed, the site will employ over 1,300 full- and part-time staff, the spokesperson added. The facility will supply products to customers in the US and Mexico. Chobani operates two production facilities in the US, one in Twin Falls and the other in South Edmeston in New York. The company also owns a production facility in Muskegon in Michigan, which is dedicated to producing its La Colombe coffee products. Chobani acquired La Colombe in 2023 for $900m. When asked about Chobani's annual net sales and net income, the spokesperson added: "As a private company, we do not disclose this information." "Chobani to invest $500m in Twin Falls plant expansion " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
