JSE-listed industrial group Barloworld intends holding on to its operation in Russia as best as it can, having already written down that business by R1 billion due to the war in Ukraine.
Barloworld, one of South Africa’s oldest industrial companies, celebrates its 120th anniversary this year. It has enjoyed something of a revival of late with the share rising to R152 in December. However, concerns about the impact of the Russian invasion of Ukraine have seen the price come of.