TWK eyes forestry acquisitions as timber export demand surges

TWK Investments says there has been a growing demand for wood chips in the export market. Picture: ISTOCK

The company, which is listed on ZAR X, operates through its timber, retail and mechanisation, financial services, grain and vehicles and tyres businesses. “The increasing demand from international markets has made own supply even more crucial. The international market has been attractive in the past year because of the weakening rand,” he said.In the six months, TWK’s operating profit increased 24% to R220m, while the net asset value per share was up 14% to R38.04.

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