Agriculture-focused KAL Group, previously known as Kaap Agri, reported a rise in annual profit, but CEO Sean Walsh said rolling power cuts “ate a big piece of our pie”.

“It is disheartening to realise that if not for load-shedding, our RHEPS [recurring headline earnings per share] growth could have been 5.9% higher,” he said in a statement on Thursday after the company, valued at about R2.5bn on the JSE, released its results for the year to end-September...

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