Companies

News Leader

WATCH: Barloworld lifts dividend as equipment sales boost profit

Business Day TV spoke to Barloworld CEO Dominic Sewela about the group’s interim financial results

20 May 2019 - 16:22 Business Day TV
Barloworld CEO Dominic Sewela. Picture: BRETT ELOFF
Barloworld CEO Dominic Sewela. Picture: BRETT ELOFF

Barloworld has increased its interim dividend 13.8% after earnings grew thanks to better equipment sales in Southern Africa.

The group has also announced that it is in acquisition talks with Wagner Asia Group, a Mongolian-based equipment dealer. 

Business Day TV sat down with Barloworld’s CEO, Dominic Sewela, to discuss the group’s interim financial results and to take a look at the detail of the potential acquisition.

Business Day TV spoke to Barloworld CEO Dominic Sewela about the group's interim financial results, as well as the acquisition the company is hoping to make in Mongolia.

Or listen to the full audio:

Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm 

Barloworld hikes dividend as equipment sales boost profits

Operating profits fell due to once-off charges, including costs related to the implementation of its Khula Sizwe BEE deal
Companies
9 months ago

JSE opens lower as US homes in on Huawei

Google has suspended business with Huawei, further escalating tension between the US and China
Markets
9 months ago

What motivated Barloworld to issue an IPO to black people?

The Barloworld deal is generally not a bad one, though not a good one either, considering that there will be an anchor tenant — Barloworld — for the ...
Opinion
9 months ago

Barloworld: who really wins here?

In a novel scheme, investors buy 14% of its property portfolio. But does it benefit Barloworld more than anyone else?
Money & Investing
9 months ago

Barloworld’s novel BEE deal raises questions

Khula Sizwe scheme is a welcome departure from historical precedents, but does it deliver real value?
Opinion
9 months ago

WATCH: Stock pick — Barloworld

Sam Mokorosi from Vunani Capital talks to Business Day TV about his stock pick of the day
Markets
10 months ago

Most read

1.
Alexander Forbes in bold strategy shift
Companies / Financial Services
2.
Minerals Council takes Mining Charter to court
Companies / Mining
3.
Steinhoff raises R4.8bn from KAP share sale
Companies / Retail & Consumer
4.
Alexander Forbes plans to offload insurance units
Companies / Financial Services
5.
Sibanye considers moving primary listing from JSE
Companies / Mining

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.