Industrial conglomerate Bidvest on Monday saw R12bn added to its market capitalisation after a surge of more than 15% in its share price as the group said it is 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 to remain healthy in the renewable energy, mining, agricultural, tourism and hospitality sectors, adding to its bottom line. “Entry into the renewable sector, specifically solar panels, inverters and batteries, has been a resounding success.”..
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market loves Bidvest’s energy successesShares leap the most in 24 years to deliver a growth spurt of R12bn
Source: BDliveSA - 🏆 12. / 63 Read more »
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.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Source: BoksburgNews - 🏆 40. / 51 Read more »
WATCH: Market reportBusiness Day TV talks to Sithembile Bopela from FNB Wealth and Investments
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE follows global stocks higherInvestors' attention this week turns to Fed chair Jerome Powell and key US economic data
Source: BDliveSA - 🏆 12. / 63 Read more »