12 South African Stocks To Watch In 2015
Astral Foods is an integrated poultry producer in South Africa and around the world. Alwyn van der Merwe, director of investments at Sanlam Private Wealth, said that while cheap chicken imports hurt Astral’s business previously, their earnings began to come back up in 2014. With lower feed costs, the company’s earnings are likely continue to grow. Astral reported a 13-percent increase in revenue for 2014, an 88-percent increase in operating profit, and a 98-percent increase in total dividend to shareholders.