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Group is also planning to exit from its car rental and leasing business. 00:01
The Competition Tribunal has given the logistics transaction the green light. Image: Supplied
Barloworld anticipates disposing of its logistics division by the end of this year as its progresses with its strategy to reposition the company as an industrial processing, distribution, and services group.
Barloworld Group CEO Dominic Sewela on Monday also confirmed that all the substantive conditions for the sale of the groupâs motor retail business have been met earlier than anticipated.
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Photo by Tserennyam Sukhabaatar
BYU–Hawaii alumnus and the Mongolia Ulaanbaatar West Stake President Tserennyam Sukhbaatar advised students to find mentors and learn from them. He said he wants to “help others to raise their bars and change the world to be a better place.”
When did you attend BYUH and what did you study?
“I attended from 2010 to 2012 and majored in marketing and supply chain and got an entrepreneurship certificate.”
What was your career and educational journey after BYUH?
Photo by Tserennyam Sukhabaatar
Photo by Tserennyam Sukhabaatar
“Right after my graduation, I became a head of the marketing department of the BSB Service LLC, which was the largest retailer of consumer electronics in Mongolia. A month before my graduation, I signed my contract with them online.
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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