Imperial Logistics, whose trucks haul everything from fuel to tobacco, is sticking to its focus on Africa and considering acquisitions, despite Covid-19 pushing up debt and hitting volumes.

Covid-19 cost the group about R4bn in revenue and R1bn in operating profit in the group’s year to end-June, with CEO Mohammed Akoojee saying the group’s business in Europe, which generates 45% of group revenue, was the most affected.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now