THE G SPOT
High time for Hudaco revival
The JSE’s industrial businesses appear to be having a moment, notwithstanding South Africa’s grim economic conditions
09 February 2023 - 05:00
Hudaco, the 130-year-old company which listed (for the second time) on the JSE in 1985, has managed to grind out annual profit growth of 25% from a 12% rise in turnover. Like Reunert, the industrial consumables group appears to have rekindled investor interest with its shares returning 69% over three years. The FM spoke to CEO Graham Dunford.
In your results commentary you’re scathing about the government and you’ve called for “bold moves” to create an environment for business to thrive. What would you like to see being done?..
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