Western Cape-based agricultural services group Kaap Agri has warned SA farmers are going to feel a bit more pressure in 2022 as surging fuel and fertiliser costs weigh on margins, but it is sticking to plans to more than double its pretax profit to R1bn over the next three years. 

The “audacious” earnings target will inevitably involve some mergers and acquisitions, CEO Sean Walsh told Business Day, but Kaap Agri is also looking to optimise its existing businesses, which grew revenue by almost a quarter above pre-pandemic levels in its 2021 year...