Sector: Consumer Goods
The company is not available at Interactive Brokers
RCL Foods Limited (JSE:RCL) is a leading South African food manufacturer employing over 21 000 people, producing a wide range of branded and private label food products which it distributes through its own route-to-market supply chain specialist, Vector.
The company operates as a single, integrated RCL FOODS, with two divisions supported by common functions:
Food Division
The company's Food Division produces a wide range of quality culinary, pet food and beverage products through its five business units. Spreads is managed on behalf of Remgro by RCL FOODS.
Vector Logistics
Vector Logistics provides RCL FOODS and numerous third parties with multi-temperature warehousing and distribution, supply chain intelligence and sales solutions. In addition to facilitating the company's own integrated supply chain, Vector has partnered with several leading food manufacturers, foodservice customers and retailers to distribute food products on their behalf across Southern Africa.
Group
Group has a shared responsibility to provide support in common strategic and operational areas across the company's Food Division and Vector Logistics.
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Grocery retailer SPAR Group is exploring potentially importing eggs from several southern African countries as South Africa`s worst outbreak of avian flu hits egg supplies and threatens the supply of chicken meat.
2023-10-05South African grocery retailers Woolworths and Pick n Pay are limiting the amount of eggs shoppers can buy as the country`s worst outbreak of avian flu hits table egg supplies and threatens the supply of chicken meat.
2023-10-04South Africa`s RCL Foods said on Thursday its poultry unit Rainbow has culled 410,000 chickens due to the country`s worst outbreak of avian flu, heightening fears of chicken meat and egg shortages.
2023-09-28
South African food producer RCL on Monday posted a 45.7% drop in annual profit, hit by a levy raised by the country`s sugar regulator, rolling power cuts and unrecoverable feed costs in its chicken farming arm.
2023-09-04South African food producers, among the biggest on the continent, are spending hundreds of millions of rand mitigating prolonged rolling power blackouts, water supply issues and crumbling infrastructure.
2023-07-05
South African food producer Premier Group intends to make its stock market debut on the local exchange at a proposed price range of 53.82-67.04 rand per share, valuing the company at up to 8.6 billion rand ($497 million), parent firm Brait Plc said on Monday.
2022-11-14
South Africa`s RCL Foods will separate its chicken, sugar and logistics businesses and consider either a listing, disposal or joint venture next year, CEO Miles Dally said on Monday.
2021-09-06
South African food producer RCL Foods on Monday reported a 12% increase in half-year profit, boosted by the performances of its sugar, baking and logistics segments.
2021-03-01
South Africa`s RCL Foods reported an annual loss on Monday reflecting the impact of COVID-19 and a 1.5 billion rand ($90 million) impairment on its assets, but pleased investors by announcing a dividend and indicating signs of recovery.
2020-08-31
