Barloworld lifted its interim dividend 5% to 210 cents a share, notwithstanding an 8% decline in headline earnings per share to 532.2c due to lower mining […]
Barloworld’s South African businesses continued to face a myriad of challenging trading conditions, says CEO Dominic Sewela. Announcing the group’s financial results for the six months ended March 31, Sewela said on Monday that Barloworld’s domestic operations had had to contend with a constrained local macroeconomic environment, inflationary cost pressures, as well as relatively higher borrowing costs affecting both businesses and households.
Barloworld reported a decline in revenue of 8 per cent for the half-year, to look at how the company plans to move forward from the impact of South Africa's tough economic environment, CNBC Africa spoke to the CEO, Dominic Sewela.
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