TFG performs better than its peers ahead of full-year results
TFG CEO Doug Murray says the company’s diversification strategy has served it well in the past three years allowing the group to perform better than its peers. Speaking at the JSE on Wednesday, Murray, who has been in the post for about 10 years, said the group would struggle to match its own performance from last year but that its results would still show improvement. "It is very tough in SA. You will see our competition making similar comments," he said. "We had hoped to be trading at around similar levels as last year but, realistically, we are going to be around mid-single digits. That seems to be where business is at the moment." Murray said the group would not be cutting jobs despite the tough operating conditions. "I don’t believe in retrenchment. I don’t think it works. Unfortunately, you tend to lose all your good people and you kill the culture of your group for several years after that. I much prefer freezing staff appointments and going down the route of natural attritio...
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