Edward West edward.west@inl.co.za CONSUMERS are facing tough financial pressures, a situation likely to persist in coming months due to rising prices such as for food, fuel and other commodities, RCL Foods chief executive Paul Cruickshank said yesterday.
RCL Foods, which produces more than 30 leading local brands such as Rainbow chicken, Selati sugar, Supreme flour, Sunbake bread, Ouma rusks, and Number 1 mageu, experienced volume declines in its products in the last three months of its interim period to December 31, Cruickshank said in an interview yesterday.
He attributed this to rising inflationary pressures on consumers and businesses, and said he expected these would continue into the second half.
For instance, rising costs at RCL included for fuel, high international maize prices (maize is used by the group for…