LOGISTICS
Santova to innovate for more lucrative deliveries
Logistics group Santova is on the lookout for acquisitions again, but a more immediate challenge is deploying new technologies to capitalise on the rapid changes in delivering goods to a more demanding customer base. Santova, one of the best-performing small caps on the JSE, reported solid results this week for the year to end-February, with revenue up 4% at R329m and bottom-line profit up 10% to R71m. Net cash flow from operating activities was up 20% at R68m, underpinning a dividend declaration of 7c per share. At an investment presentation on Thursday, Santova CEO Glen Gerber noted that consumers were shipper agnostic. "They don’t care who delivers their goods, as long as they get them reliably, quickly and at low or no delivery cost." But he pointed out that these customers were willing to pay a premium for value-add services such as faster delivery for high-value items. Gerber said Santova was looking to carve out the more lucrative elements of the value chain by exploiting dig...
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