Hellmann Mayonnaise: Why is Hellmann’s Mayonnaise being discontinued in South Africa? Here you know everything
Hellmann’s mayonnaise, the American brand of mayo owned by Unilever, is being phased out in the South African market due to low demand and “highly inflationary import costs”. From Tuesday 31st January the world famous mayonnaise will be withdrawn from South African markets and no longer available in stores nationwide. In the United States, however, it would still be there.
Sharing the update on the South African discontinuation, Hellman’s said on Facebook that saying goodbye to the mayonnaise was “hard” but considering the cost of importing, the product would be discontinued. The statement read, “A big thank you to our loyal fans for all the mayo love over the years.”
However, the post caused a stir online as several netizens thought it would be posted cross-border. Although the post was removed from his Hellman’s Facebook page, it caused confusion as the company failed to mention that the product would only be withdrawn from South African markets.
Not only the US Federal Reserve, these 9 other central banks have also raised interest rates
After the US Federal Reserve raised interest rates by 75 basis points to combat inflation, central banks around the world have also continued to raise interest rates. Central banks in Europe and Asia hiked interest rates on Thursday.
However, the Bank of Japan has maintained its ultra-loose monetary policy, making it the only central bank in the world with negative interest rates.
Here are the central banks that hiked rates last week:
Norway’s central bank, facing inflation near a three-decade high, raised its main benchmark by 50 basis points to 2.25 percent on Thursday.
The Swiss National Bank raised its key interest rate Thursday by 75 basis points to 0.5 percent from a negative 0.25 percent.
Inflation in Switzerland hit 3.5 percent last month, the highest rate in three decades, prompting the rate hike.
The South African central bank increased its repurchase rate by 75 basis points from 5.5 percent to 6.25 percent. The rise in interest rates brought the benchmark to the January 2020 level.
United Arab Emirates
The United Arab Emirates raised its key interest rate by 75 basis points from 2.40 percent to 3.15 percent effective September 22.
Hellman’s mayonnaise has been a staple in kitchens around the world, and particularly in America, for over a century. The rumor that it would be discontinued in the US sent Americans into a panic. One of the users speculated that Hellman’s Mayo was “going out of business,” while others said it wasn’t what they wanted to hear in 2023.
Frequently asked Questions:
- What is Hellman’s?
American brand that manufactures a range of products such as mayonnaise, ketchup, sauces, salad dressings and other grocery products.
- What is mayonnaise?
It is a creamy sauce or dressing mainly used in sandwiches, salads, french fries and others.
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