RCL Foods acquires Imperial Logistic’s cold chain unit in South Africa

SOUTH AFRICA – RCL Foods, South African consumer goods and milling company has inked a deal with Imperial Logistics to consolidate its logistics division, Vector with Imperial’s cold chain business. Imperial Logistics Limited is an […]

RCL Foods reports full year loss amid challenging operating environment

SOUTH AFRICA – The South African consumer goods and milling company, RCL Foods has reported an after-tax loss of R184m (US$12.08m) for the year ending June 2019, as increased pressure on its sugar and chicken […]

RCL Foods half year earnings fall 26.3%, faults chicken and sugar imports

SOUTH AFRICA – South African packaged goods company, RCL Foods has said that headline earnings in the half year ended December decreased by 26.3% to US$33.4 million, attributed to pressure from increased sugar and chicken […]

Rhodes Food to acquire RCL’s protein snacking business for US$2.1m

SOUTH AFRICA – Rhodes Food Group, one of the top listed food companies on Johannesburg Stock Exchange has said that it is in the process of concluding a deal to acquire RCL Foods’ protein snacking […]

RCL Foods delivers improved earnings despite 2.1% dip in revenue for the year

SOUTH AFRICA – The South African consumer goods and milling company, RCL Foods has said headline earnings for the year ended June 2018 increased 52.7% to US$58.31 million while revenue totalled US$1.69 billion, a 2.1% […]