We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Diversified industrial group Barloworld, which counts Russia as a key market, and whose shares have fallen more than a third so far in 2022, intends to buy back as much as a tenth of its shares, which it said are undervalued.

Barloworld’s shares rose 5.87% to R93.45 on Thursday afternoon, but they are still down about 38% in the year to date, wiping out roughly R12bn in shareholder value. The group is valued at R18.7bn on the JSE...

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 articles from our international business news partners; 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