Barloworld Automotive & Logistics offices at Centurion in Pretoria. Picture: FREDDY MAVUNDA
Barloworld Automotive & Logistics offices at Centurion in Pretoria. Picture: FREDDY MAVUNDA

Diversified industrial group Barloworld has bounced back during its 2021 financial year.

The group has swung to headline earnings per share of R11.95 from a headline loss per share of R2.86 a year ago. The improvement is as a result of an impressive turnaround at the company’s car rental business, which was hard hit by the fallout from Covid-19.

The balance sheet recovery has allowed Barloworld to reward shareholders, with the company declaring a special dividend of R11.50 per share and an ordinary dividend of R3 per share.

Alishia Seckam spoke to Barloworld CEO Dominic Sewela about the company’s prospects.

Or listen to full audio

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

subscribe

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.