Barloworld’s operating profit plummets

BL PREMIUM / 30 NOVEMBER 2020 - 14:24 / ALISTAIR ANDERSON AND MUDIWA GAVAZA

Industrial group Barloworld intends to transform itself in the next two to five years by selling its logistics business and scaling down fleet operations so it can focus on its core businesses of Caterpillar equipment and food procurement.

CEO Dominic Sewela said the group believed its core businesses would be more profitable than its secondary operations over the long term and thus it would get rid of them...

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