South Africa’s RCL Foods to cut over 1,000 jobs
RCL Foods is to axe over 1,000 staff as the South African food group battles tough trading conditions in the country's poultry industry.
South Africa's challenging poultry market
South Africa’s Quantum Foods feels cost, rand pressure
Quantum Foods, like a number of South African poultry processors, has reported pressure on profits from higher feed costs and volatility in the rand.
South African poultry group Sovereign Food Investments posts H1 loss
Sovereign Food Investments has booked half-year losses of ZAR36m on the back of pressure from feed prices and the cost of defending itself from a hostile takeover bid from fellow South African poultry group Country Bird Holdings.
Country Bird Holdings would not look for alternative M&A target, says CEO Marthinus Stander
Country Bird Holdings CEO Marthinus Stander said the South African poultry group would not seek another acquisition target should it decide not to pursue its interest in local rival Sovereign Food Investments.
South African poultry firm Astral Foods sees FY profits tumble
South African poultry group Astral Foods has booked a slump in annual profits, with higher feed costs having a "major negative impact" on results.
South Africa intervenes on Country Bird bid for poultry peer Sovereign Food Investments
Sovereign Food Investments, the South African poultry group that mounted a legal challenge against a takeover bid from local peer Country Bird Holdings, has said the country's government has ruled…
RCL Foods – South Africa poultry industry in “crisis”
RCL Foods, the South African food group, has warned the country's poultry industry is in "crisis", with the company admitting it is weighing up "all options" as it looks at…
