Don’t write KAP off just yet

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Don’t write KAP off just yet
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A horrible interim performance and rising debt have clearly spooked the market — but the faithful say KAP could be a new Bidvest in the making.

The local industrial manufacturing sector is hardly a beacon of investor optimism these days: higher raw material prices, higher inflation, higher interest rates and a high likelihood of disruptive load-shedding are all givens. But KAP Industrial is digging in for the long haul, despite profits buckling badly in the six months to end-December.

“We are doing a lot of work around three primary areas — electricity, water and security — to secure our plant and ensure we can continue to operate,” says CEO Gary Chaplin...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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FinancialMail /  🏆 20. in ZA

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