AFTER THE BELL: Sugar tariffs, pet food and fuel prices walk into a bar…
With cheap imported sugar delivering a bitter blow to profits, a pet food line taking a nasty salmonella hit and a diesel price hike just piling on the pain, there’s a lot to keep South African CEOs awake at night.
Sugar tariffs, pet food, and fuel price hikes are the topics that keep South African CEOs up at night. The cheap imported sugar is putting pressure on RCL Foods' profits, and the pet food line has suffered a salmonella outbreak, causing a 20% drop in revenue. Diesel prices are also on the rise, and fuel consumption has shifted towards diesel in recent years. Companies are exploring ways to adapt, such as moving towards electricity, but high fuel prices are a significant risk for businesses.
Written by urgent.news from Daily Maverick's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
