Rhodes Food tastes first turnover dip in five years
Listed food products firm cites declining economic conditions as squeezing its margins
16 September 2019 - 19:08
Rhodes Food Group’s (RFG’s) full-year turnover growth for the SA and the rest of Africa segment looks set to dip to single digits for the first time since the group’s JSE listing in 2014.
In a trading update for the 10 months ended July, the owner of Bull Brand and Bisto brands said the SA and rest of Africa segment, which accounts for 81% of the firm’s 2018 turnover, experienced weak macroeconomic and consumer environment...
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