Food brands group RFG last week issued year-end results that will have made its more illustrious competitors on the JSE a little concerned — and green with envy — at the impressive efficiencies and innovations flowing through in the numbers, thanks to some big capital spend previously.

There was a lot to like for investors, who have seen relatively poor fare from other food groups. RFG’s turnover was pushed up almost 9% to R7.9bn, with operating profit hiked a stout 32% to R757m. The operating margin came in at 9.6% — within spitting distance of the targeted 10% range set by RFG executives...

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