enX Group, which provides industrial and petrochemical products as well as fleet management and logistics services, said on Wednesday that net profit in the six months to February fell 8% to R129.3m.
While operating profit increased 6.8% to R378.3m, higher net finance costs and a higher effective tax rate weighed on earnings, enX said. The Eqstra fleet management and logistics business’s lease book “is now increasing” after improving customer retention rates and winning new business.
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Sudan army raid group close to Bashir's party: witnesses - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A team of Sudanese soldiers Thursday raided the offices of a group linked to President Omar al-Bashir's ruling National Congress Party in Khartoum, witnesses said.
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Group Five to shed assets under business reviewThe group, one of the biggest names in South Africa’s construction industry, said the disposals would help it meet its debt obligations, cover working capital and cut its liabilities.
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