New acquisitions boost Barloworld s half-year performance news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
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Group is repositioning itself to focus on industrial equipment and services, and consumer industries. 11:01
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Analysts are uncertain about the prospects for JSE-listed Barloworld under its new strategy.
Barloworld is set to exit its automotive and logistics businesses as it aims to sustainably double its intrinsic value every four years and position the group as an industrial processing, distribution and services company with two focus areas:
Industrial equipment and services, and
Consumer industries focusing on food and ingredient solutions.
Barloworld CEO Dominic Sewela said at the groupâs most recent financial results presentation late last year the acquisition of Tongaat Hulett Starch and the expansion of its Russian equipment business with the acquisition of Wagner Asia Equipment in Mongolia anchors the group clearly in terms of industrial capital distribution goods and related services, and also anchors it very clearly in terms of th
Barloworld to sell car sales business for almost R1 billion sierraleonetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sierraleonetimes.com Daily Mail and Mail on Sunday newspapers.