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Barloworld expects slowdown in mining equipment sales as commodity cycle cools

Barloworld expects slowdown in mining equipment sales as commodity cycle cools
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South africaAndronicca masemolaDominic sewelaConsumer industriesEquipment southern africaEquipment mongolia

Barloworld to list on A2X

Industrial processing, distribution, and services company Barloworld will list its shares for trade on A2X from June 7. With a market capitalisation (cap) of over R16-billion, Barloworld will retain its primary listing on the JSE and its issued share capital will remain unaffected by its secondary listing on A2X.

South africaDominic sewela

Barloworld turns to Caterpillar-owned Chinese supplier as it sticks to Russia

Industrial and consumer group Barloworld says it will stay the course and continue to service its clients in Russia.

Dominic sewelaOnstruction and engineering

Barloworld ups dividend a fifth as it gets boost from easing supply chain pressures

Industrial and consumer group Barloworld has upped its dividend by over a fifth for its half-year to end March, saying it's pleased with the progress made in narrowing its strategic focus, while remaining encouraged by its healthy order book.

Tongaat hulettDominic sewelaConsumer industriesIndustrial equipmentDominic sewela

Barloworld expects construction sector to rebound in coming months

Industrial processing, distribution and services company Barloworld expects the construction industry in Southern Africa will recover in the coming months as infrastructure and energy projects gain momentum, with mining remaining robust and stable for the remainder of the year. Upon the release of its interim results for the six months ended March 31, the group said its Equipment Southern Africa business, which provides business-to- business sales, servicing, rebuilding and salvaging of earthmoving equipment, industrial services and power systems, largely benefitted from improved operational activity and, to a lesser extent, the weaker Rand/Dollar exchange rate, despite the higher interest rate environment.

Kwazulu natalSouth africaDominic sewelaSouthern africaEquipment southern africaEquipment eurasiaBarlow park

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