Pies and fruit juice are popular staples in South Africa, providing a convenient meal on the go or tucked into children’s lunchboxes. They are also two of the largest product categories at RFG Holdings, the company previously called Rhodes Food Group.
So, the government’s perhaps irrational decision to ban the sale of hot food in supermarkets dented sales at RFG Holdings last year. This year, travel restrictions during the December holiday period had a similar effect, with fewer vehicles on the road and reduced sales of pies and baked goods in convenience stores and forecourts. Similarly, restrictions on entertainment and leisure activities during the summer holidays season, as well as the delayed start of the school year, resulted in a slowdown in juice sales.
Cost of shelving Sandton high-rise insignificant says Balwin moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
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Open: Solid earnings growth for the past four reporting periods. Image: Vincent Mundy, Bloomberg
Bending and bashing steel is not a glamorous business. For Argent Industrial, however, it has become a very profitable one. The steel-based beneficiation groupâs share price rallied smartly to close up 8.82% to R10.12 on Thursday.
This spike in its share price followed it putting out a trading update saying headline earnings per share (heps) will be up 54.6% and 74.6% for the year to end-March.
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Capespan may soon be up for sale freshfruitportal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshfruitportal.com Daily Mail and Mail on Sunday newspapers.
Zeder, which invests in agribusiness, announced its results on Wednesday.
It has received a number of unsolicited approaches , said CEO Johann le Roux.
Analyst Anthony Clark predicts what, in his view, could be sold off.
Due to a material change in its size, Zeder, a JSE-listed investor in agribusiness and related industries, has reconsidered its strategy and the board is considering unsolicited third-party approaches regarding some of its portfolio investments, according to CEO Johann le Roux.
He did not provide more detail when Zeder announced its financial results for the financial year to February 2021 virtually on Wednesday.
Analyst Anthony Clark of Small Talk Daily Research believes it could be its logistics company and Capespan that Zeder might sell off.