Astral lays bare load-shedding horror on chicken farms
Erratic power supply and record-high feed costs squeeze profits
22 May 2023 - 12:08
UPDATED 23 May 2023 - 10:41
SA’s biggest poultry producer, Astral Foods, reported its lowest yet operating margin, laying bare the devastating impact of the government’s failure to provide water, electricity and rail infrastructure on its operations.
“The conditions experienced were far worse than we could have anticipated,” CEO Chris Schutte said on Monday at the interim results presentation...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.