Groot Drakenstein – RFG Foods (JSE: RFG) has raised equity capital of R662.5 million through the issue of 25 million shares in an accelerated bookbuild after market close on Wednesday. The shares were placed with 26 local and offshore institutional investors at R26.50, representing a discount of 2.3% to the 30 day weighted average traded…

Groot Drakenstein – RFG Foods Holdings continued its strong growth momentum and increased turnover by 37% to R4.1 billion in the year to September 2016, as profits grew by 71% to R290 million. Diluted headline earnings per share increased by 70% to 126.5 cps. The dividend was increased by 70% to 42.2 cents per share.…

RFG Foods is to strengthen its position in the country’s growing pie and pastry market with the acquisition of KwaZulu-Natal based producer Ma Baker Pies for R212 million. Ma Baker is the eighth and largest acquisition made by RFG Foods since listing in 2014, with the acquisitions totaling R900 million. Ma Baker Pies of Pietermaritzburg…

RFG Foods today announced plans to acquire Durban-based food producer Pakco for R200 million. Pakco owns a portfolio of strong and well-known brands, including the iconic Bisto brand, Hinds, Buffalo, Southern Coating, Trotters, Gold Dish and Pakco. Products are sold by all major retailers and wholesalers in the domestic market and exported to eight neighbouring…

Rhodes research reveals that moms want a convenient snack for kids Research revealed by Rhodes, the brand known for quality, convenience and innovation, indicates that the biggest factor influencing moms when food shopping for their young children is convenience. The research was undertaken prior to the relaunch of Squish, a convenient and on-the-go food puree for…

Rhodes, known for its quality, innovation and convenience, has extended its jam range to offer consumers even more great tasting choice. Rhodes Launches new Apricot & Mango Variant Rhodes is proud to introduce the new Apricot & Mango variant, a first in South Africa. The jam is available in three sizes, including; 900g can with…

RFG Foods Holdings today reported a strong trading and financial performance for the six months to March 2016 and increased diluted headline earnings per share by 87.2% to 48.1 cents. Turnover increased by 54% to R2 billion with profit after tax 89% higher at R110 million. Chief executive officer Bruce Henderson said the robust sales…

The information in this trading statement has not been reviewed and reported on by the group’s independent external auditors.