Categories: South Africa

Hellmann Mayonnaise: Why is Hellmann’s mayonnaise discontinued in South Africa? Know everything here | #daitngscams | #lovescams


Unilever-owned American Mayo brand, Hellmann’s mayonnaise is being discontinued in the South African market over low demands and “highly inflationary import costs”. Starting Tuesday, January 31, the world-famous mayo is being pulled back from South African markets and will not be available in stores across the country. However, it would still be there in the United States.

Sharing the update about discontinuation in South Africa, Hellman’s said on Facebook that it was “hard” to bid farewell to the mayonnaise but keeping in consideration the import costs, the product will be discontinued. The statement said, “A big thanks to our loyal fans for all the mayo love over the years”.

However, the post caused a stir online with several netizens thinking it would be discontinued across borders. While the post was removed from its Facebook page of Hellman’s, it caused confusion as the company did not mention that the product would be pulled back only from South African markets.

Not just the US Fed, these 9 other central banks have also hiked interest rates

Tightening Cycle

Following the US Federal Reserve’s 75 bps interest rate hikes to combat inflation, central banks across the globe have also continued raising rates. On Thursday, central banks in Europe and Asia tightened rates.

However, Japan’s central bank has maintained its ultra-loose monetary policy, making it the only central bank in the world to have negative interest rates.
Here are the central banks which raised rates last week:

​Norway

Norway’s central bank, which is confronting inflation near a three-decade high, raised its key benchmark on Thursday by 50 basis points to 2.25 per cent.

​Switzerland

The Swiss National Bank on Thursday raised its benchmark interest rate by 75 basis points to 0.5 per cent from a negative 0.25 per cent.

Inflation in Switzerland hit 3.5 per cent last month, its highest rate in three decades, leading to the rate hike.

​South Africa

South Africa’s central bank raised its repurchase rate by 75 bps to 6.25 per cent from 5.5 per cent. The rise in interest rate took the benchmark to its January 2020 level.

​UAE

The United Arab Emirates raised its base rate by 75 bps to 3.15 per cent from 2.40 per cent, effective from 22 September.

Hellman’s mayonnaise is a staple in kitchens across the globe and especially in America and it has been around for over a century. The rumour that it was being discontinued in the US left Americans in a state of panic. One of the users speculated that Hellman’s mayo is “going out of business” while others said that it was not what they wanted to hear in 2023.

FAQs:

  1. What is Hellman’s?
    American brand that makes a range of products such as mayonnaise, ketchup, sauce, salad dressings and other food products.
  2. What is mayonnaise?
    It is a creamy sauce or dressing mainly used in sandwiches, salads, french fries and others.

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