Nu-World Holdings eyes offshore growth as local spending falls
The group says it is continuing its strategy of internationalisation as SA's weak economy weighs on local spending
22 April 2020 - 13:20
Consumer electronics group Nu-World Holdings says it will continue its strategy of pursuing growth offshore, as the Covid-19 pandemic puts even more pressure on the disposable income of SA’s embattled consumers.
Headline earnings fell 19.2% to R75.9m in the group’s six months to end-February, with Nu-World saying its SA operations were under the most trading pressure in a time of “unprecedented global and local events”...
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