Rainbow owner RCL hopes worst is behind it as big price hikes fail to boost profit

RCL, which is controlled by Remgro, is hopeful that the worst is behind it in terms of soaring input costs and the fallout from load shedding.

CFO Rob Field told News24 on Monday that while he did not have a "crystal ball", there were signs of input cost increases easing, while the group was also getting better at dealing with effects of electricity disruptions.

"If I read the markets and where we are right now versus where we have been, I like to believe that the worst is behind us," he said.