Earlier this month, RCL Foods chief finance officer, Rob Field, said the company was not declaring a dividend in the interim period for the year ended December 2022 with the goal tom preserve preserving. The company, whose underlying Ebitda earnings fell 9.2% to R1.24 billion despite a 17.6% revenue surge to R20.2 bn, is also in urgent need of "significant investment" such as working capital. The spat with minority shareholder Breede Coalitions is seen by analysts as among the reasons for failure to declare a dividend for the interim period to December.