A.P. Moller Capital to acquire Vector Logistics
Vector Logistics is South Africa’s leading frozen logistics operator, providing warehousing and distribution solutions
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Vector Logistics is South Africa’s leading frozen logistics operator, providing warehousing and distribution solutions
RCL Foods said on Wednesday it has inked a deal to sell its frozen logistics business Vector Logistics for R1.25 billion to Copenhagen-headquartered AP Moller Capital.
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RCL Foods, the South African manufacturer, has dropped plans for an interim dividend after seeing its earnings fall in its fiscal first half.
RCL Foods will not pay an interim dividend as it looks to preserve cash in a difficult environment that saw it battling load shedding, industrial action and rising inflation.