Kaap Agri CEO Sean Walsh talks to Business Day TV about the company’s half-year performance
Agricultural machinery distributor says trading conditions in its retail categories were better than expected in the first six months of financial year
Shares tumble 23% as failure prompts renegotiations with lenders
The company is evaluating offers from several parties vying for some of the assets in its portfolio
Biggest issue is security of property rights, says Andre Myburgh
Loss of more than 2,000 growers and full extent of uncontracted stock cannot be blamed fully on the lockdowns
Egg, animal feed and chicken producer says lower production and consumer demand will also contribute decline in earnings
Business Day TV spoke to Roland Peens, director of Winecellar.co.za and co-founder of Hemelzicht Vineyards
Kaap Agri CEO Sean Walsh talks to Business Day TV about the group’s financial performance
While the pandemic derailed expected strong revenue growth, the group is optimistic it will benefit from improved conditions
The producer of Lucky Star Pilchards expects profits to rise as much as 18% to end-September, boosted in part by in-home consumption
Group’s disposals in 2020 have shifted its status to that of an investment entity, and it is still considering a strategy change
The effect of Covid-19 is insufficient to trigger a material change clause, rules independent expert
The agribusiness group has said it is considering a strategy shift, as CEO Norman Celliers is to step down after about eight years
The group shifted its product mix amid the Covid-19 pandemic, which weighed on profits somewhat
Financial Sector Conduct Authority divisional executive for enforcement Brandon Topham talks to Business Day TV
Kaap sees signs of green shoots but warns ongoing Covid-related uncertainty does not bode well for the remainder of the financial year
The move is the latest effort by the central bank to shore up local agriculture and manufacturing
The group has seen a number of entities expressing interest in upping their stakes in the egg producer
The agricultural group has decided to withhold its dividend after a poor performance from its macadamia and deciduous fruit divisions
