Farmers are provided funding for inputs and Tiger Brands purchases the crops.

Bloomberg report suggests company hasn’t abandoned strategy to grow outside its home market of South Africa.

But income improves in Grains division during first half of year.

Full-year operating income climbs 11% while sales rise 2%.

Sales in the Grains division rose 13% in the first half.

The company acquired a 51% stake in Haco in 2008.

Spies role becomes effective in February.

Mac Dougall says Tiger Brands has sights set on being a growth company.

Company also announces several executive, board changes.