Strong Regional Performance Drives RFG’s Earnings 18% Higher

Annual 2024

Groot Drakenstein – RFG Holdings increased headline earnings by 18.2% to R577 million in the year to September 2024, mainly driven by the strong performance of its regional business. The Western-Cape based food producer, which owns market-leading brands Rhodes, Bull Brand, Magpie, Squish, Hinds and Today, increased group operating profit by 12.7% to R852 million.…

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Resilient Regional Growth in Weak Consumer Environment

RFG delivered resilient revenue growth in its regional business in the 11 months to August 2024 in an environment of sustained pressure on consumer disposable income due to high electricity, food and living costs together with high interest rates. Regional revenue, including South Africa and the rest of Africa, increased by 5.3% with price inflation…

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Rhodes Enters Fruit Nectar Juice Market

RFG has entered the fruit nectar juice market following the success of the Rhodes brand in the 100% fruit juice market. The Rhodes fruit nectar juice range has been launched in 200ml, 1 litre and 2 litre pack sizes, with a range of five flavours: apple, guava, tropical, mediterranean and red grape. CEO Pieter Hanekom…

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RFG Earnings Up 21% With Strong Gains In Market Share

Groot Drakenstein – RFG Holdings overcame weak domestic consumer spending to increase headline earnings by 20.7% to R262 million in the six months to March 2024 as the group gained market share and expanded its regional and international operating profit margins. The Western-Cape based food producer, which owns market-leading brands Rhodes, Bull Brand, Magpie, Squish,…

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Rainforest Alliance Certification For RFG’s Pineapple Products

Forest Alliance

RFG’s canned pineapple products manufactured at its Eswatini operation have received the Rainforest Alliance certification, recognising the rigorous environmental, social and economic sustainability standards applied in the farming operations. This is the first of RFG’s products to receive this global certification. All RFG’s canned pineapple products will soon feature the little green tree frog symbol…

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Resilient Revenue Growth In Weak Spending Environment

Resilient Revenue Growth

RFG delivered a resilient performance in the weak domestic trading environment, increasing revenue by 5.1% for the five months to February 2024. CEO Pieter Hanekom said consumer spending continues to be impacted by inflationary pressures and high interest rates, while in the international business export shipments are being adversely affected by operating inefficiencies and congestion…

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Icon Brand Status For Bull Brand

Bull Brand

Bull Brand has again been voted as an Icon Brand in the authoritative Ask Afrika Icon Brands 2023/2024 survey which recognises South Africa’s most loved and trusted brands. Bull Brand was also voted the country’s favourite canned meat brand. The Icon Brands survey is the largest of its kind in South Africa and covers 18…

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RFG Earnings Up 35% On Resilient Trading Performance

RFG Earnings Up

Groot Drakenstein – RFG Holdings increased headline earnings by 35.3% to R488 million for the year to September 2023 as the group expanded its regional and international profit margins, generated strong cash flows and significantly improved its debt position. The group’s final dividend was increased by 35.4% to 62.0 cents per share. The Western-Cape based…

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