Vegetables are packed onto refrigerated shelves at the Everfresh market in Durban. Pic: Jackie Clausen. 20/02/2004. © Sunday Times.Food prices at the consumer level rose 7,9% year on year and 1,2% in the month of September. Business Day, 3 November 2006, page 2.BD Weekender 17 march 2007, pg 10. GREENER GREENS: Shoppers may soon be able to choose food for its carbon footprintPurchasing practices .. Competition authorities will have to decide whether the food retailers abuse their market power. Financial Mail 24 July 2009, page 52. [FEATURES - COMPETITION].
The international turnover of Rhodes Food Group, which makes Bull Brand corned meat and Bisto gravies, grew 8.8% in its year to end-September boosted by a weaker rand and exports of higher-value products to the US. 

Sales in SA and the rest of Africa also grew strongly, the company said, though lower margin products were in favour among SA’s embattled consumers.

International turnover benefited from a 7.7% depreciation against the group’s major traded currencies, it said, as well as higher-margin goods such as fruit snacks.

Margins in the group’s regional business were under some pressure, with the lower-margin long-life category growing 9.1% while fresh-food turnover grew 6.7%.

The company expects “strong” profitability for the period, with headline earnings expected to rise 30%-45% compared with the R159.1m reported previously.

The group’s share price was 4.42% to R16.08 last Monday, paring its year-to-date loss to 10.22%.

Source: Business Live