Industrial conglomerate Bidvest on Monday saw R12bn added to its market capitalisation after a 15.22% surge in its share price as the group said it was well positioned to profit from renewed focus in the renewable sector as Eskom struggles to keep the lights on.
The company said in its interim results that it expects activity in the renewable energy, mining, agricultural, tourism and hospitality-related sectors to remain healthy, adding to its bottom line. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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DIY market falters as consumers feel the pinchHigh interest rates and increased costs for food and fuel have crimped discretionary spending dampening the growth prospects of home building and renovations companies. Let's not forget the ANC efforts: Greylisting Junk Status World record unemployment 60 Murders a day Rampant corruption Blackouts Bankrupt municipalities Broken SOEs.
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