Those Rainbow Chicken interims then …only kidding, those RCL Foods results: revenue up 38.8% to R12.0 billion for the six months ending December, with headline earnings up 70c per share. As you know, there has been a significant rejigging of the model, with Remgro backing the business as the Next Big Thing in Food, and a major restructuring which sees the advent of two new business clusters: ‘Consumer’, which includes Rainbow and Foodcorp’s Grocery, Beverage, Pie and Speciality divisions and ‘Sugar & Milling’ which includes TSB, Rainbow’s Feed division Epol and Foodcorp’s Milling and Baking divisions. The ‘Big Wheel Keep on Turning’ cluster continues to consist only of Vector Logistics, and isn’t actually even called that.
Comment: The inexorable rise of Rainbow is certain to put the wind up the competition, and will, we predict, be one of the big stories for the next decade or so.