RFG, the maker of the canned products like Bull Brand and Rhodes, says market share gains and a recovery in its pie business helped lift its interim profits by over a third, even as it spends R2 million a week on diesel to mitigate chronic electricity disruptions.
South African businesses have to answer a difficult question: Do we pass costs on to consumers and face declining market share, or absorb them? Winners will be companies with high efficiencies.