Plastics specialist Bowler Metcalf said on Thursday it plans to spend about R40m buying back its “undervalued” shares, remaining optimistic regarding SA’s prospects despite coming out of a period characterised by load-shedding and industrial action.

The group’s operating profit from continuing operations fell 12% and turnover 6.1% to end-June, the company said, reporting “extraordinarily high” operating costs and tight margins...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now