The earnings of R71.1 million, for the six months ending 31 August 2024, represent an improvement compared to the corresponding period of the previous year. The headline earnings per share for the six months increased from 141 cents per share to 415 cents per share.

The improved Group results are mainly attributed to an increase in the contribution of Carpe Diem Raisins and an improvement in the financial performance of the abattoirs as a result of higher slaughter numbers. The results of the Fuel Division, the Trade Devision and SA Dorper (hides and skins) are lower than the previous year. The processing of hides at SA Dorper performed above expectations, but the demand for Dorper leather was significantly lower during the past 18 months. Both the Fuel and Trade divisions’ performance weakened due to more subdued consumer spending. The trading climate for raisins has improved for the period under review thanks to a healthier balance between supply and demand and an improvement in the logistics service delivery of Transnet. The 2024 South African raisin harvest of 97,000 tons was a record and Carpe Diem Raisins’ intake volume grew by 43% compared to 2023’s volume as a result of this.