Pot of gold or bumpy road: What's in store for Rainbow Chicken as it heads to the JSE?
With just days to go until it lists on the JSE, Rainbow Chicken's return to the bourse as a standalone company comes at a time when the sun is shining a little more brightly for a battered poultry sector.
Not only has the industry seemingly drawn a line under the country's worst bird flu outbreak on record in 2023, but commodity prices appear to be easing, bringing much-needed relief for the chief input costs, namely maize. At the same time, load shedding, which cost the sector hundreds of millions, has been suspended for the past couple of months, saving companies in the sector significant diesel costs. The"fat chicken" crisis caused by delays in the processing systems of big poultry players due to constant power interruptions also seems to be a thing of the past.South Africans need to be in the know if we want to create a prosperous future.
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