KAL Group ‘cautiously optimistic’ for rest of 2023
However, the agriculture-focused company warned that lower GDP forecasts were an ominous sign for SA businesses and consumers
04 May 2023 - 12:09
Agriculture and lifestyle company KAL Group (previously known as Kaap Agri) is “cautiously optimistic” about the rest of its financial year because of the current economic and power supply challenges.
The company, valued at R2.89bn on the JSE, noted the effect of power cuts in its results for the six months to end-March, and warned that reduced GDP forecasts did “not bode well” for local businesses and consumers...
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