Our aim is to continue to capitalise on opportunities in the rest of Africa through a low-risk expansion strategy which entails following our established customers into selected locations, entering into joint ventures with other established food and route-to-market businesses, and acquiring or establishing new businesses where appropriate to extend ownership of our value chain. Beyond expanding our physical footprint, we constantly engage with our multi-national partners to identify and capitalise on export opportunities in this space.

Our African Investments

1

Royal Swaziland Sugar Corporation – 29% Shareholding

RSSC is one of the largest companies in Swaziland. They produce two-thirds of the country’s sugar as well as a significant quantity of ethanol.
2

Senn Foods Logistics – 49% Shareholding

Senn Foods, a joint venture in Botswana which was entered into during the 2014 financial year, is a good example of RCL FOODS’ approach to sound strategic partnerships in Africa. Senn Foods has a capable management team and has recently invested in a world-class infrastructure expansion to prepare for the planned growth over the coming years.
3

Hudani Manji Holdings (HMH) Rainbow– 33.5% Shareholding

HMH is a poultry producer operating a feed mill, broiler farms and processing plant in Uganda. HMH provides an exciting opportunity to enter the East African region with an established reputable partner, and will create one of the largest processors and marketers of chicken in both Uganda and East Africa.
4

L&A Logistics Limited (L&A) – 45% Shareholding

L&A is currently a leading distributor of products in the Zambian market. The acquisition provides entry into the Zambian logistics market and provides opportunities to grow our business further in this geography.
5

Mananga Sugar Packers Proprietary Limited (Mananga) – 50% Shareholding

Mananga is a sugar packaging and selling company which sells sugar under the First brand in Eswatini (previously known as Swaziland) as well as in South Africa. Its primary business activity is to purchase sugar from the Eswatini Sugar Association, pack it and sell it as a branded product. This is a strategic partnership for the Group as it allows the Group to access the Eswatini sugar market.