Super Group warns of first revenue drop in 11 years partly due to load-shedding
Political uncertainty in Europe, as well as SA’s weak economy, means the transport and logistics services group expects profits to fall
10 February 2020 - 12:57
Transport and logistics services company Super Group said on Monday it was on track to report its first revenue drop in 11 years. This is as it battles with political uncertainty in Europe and load-shedding in SA.
A decline in new-vehicle manufacturing in Germany and a drop in activity for its commodity-facing business in SA all weighed on the group in its six months to end-December, when operating profit fell about 8.7% from R1.3bn in the prior comparative period...
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