Poultry sector still pummelled
Astral Foods and Rainbow Chicken may have flown back into profit, but margins remain slim amid faltering consumer spend
25 July 2024 - 08:00
When RCL Foods unbundled its poultry business, Rainbow Chicken, with a separate listing on the JSE in June, investors in both companies clearly thought they’d got a pot of gold at the end of that rainbow.
For years, the cyclicality and volatility of RCL’s poultry division had led to its earnings being boom or — mostly — bust. The RCL share price, trading at R10.41 at the time of writing, has gone nowhere for more than a decade...
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.