South Africa’s Kaap Agri leverages on online trade to expand customer reach

SOUTH AFRICA – Kaap Agri, a group trading in agricultural, fuel and related retail markets in Southern Africa has tapped into the ecommerce segment by developing online sales platforms aimed to reach new customers outside its traditional strongholds. The company owns rurally located Agrimark trading stores offering a one-stop-shop for a wide range of agricultural and lifestyle products such as grains, liquor, pet food, mechanization and packaging. According to CEO Sean Walsh, the agricultural services specialist was digitally developing mechanisms to sell to customers that were not in proximity to…

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Kaap Agri invests US$8.62m in plastics subsidiary to bolster its manufacturing capabilities

SOUTH AFRICA – Kaap Agri, a group trading in agricultural, fuel and related retail markets, has made its first major investment of more than R150million (US$8.62m) to further bolster its manufacturing capabilities. The investment entails the establishment of Tego Plastics, a new subsidiary of the Kaap Agri Group, based in Brackenfell, Cape Town, which will be making large format, injection-moulded plastic products. According to Independent Online, one of the largest injection-moulding machines available in the global market was commissioned in the facility. Set to provide 33 new job opportunities at…

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South Africa’s Kaap Agri grows revenue 28.7% to US$310.74m as conditions recover

SOUTH AFRICA – Kaap Agri, a South African agriculture group, reported a 28.7% in half-year revenues were up to US$310.74 million (R4.4bn) in the six months to end-March this year. The company, which trades in the agricultural, fuel and related retail markets in Southern Africa said net profit rose 3% in the six months period reflecting the company’s recovery from drought conditions especially in the Western Cape. The addition of the Forge business in KwaZulu-Natal, and market share gains in the inland region “have positively impacted the trade division”. The…

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South Africa’s Kaap Agri reports 28.7% growth in revenues as conditions rebound

SOUTH AFRICA – Kaap Agri, South Africa’s agricultural retailing and service company, has reported a 28.7% growth in revenues to R4.4bn in the six months to end March 2019 supported by drought recovery in some operating regions. The Johannesburg Stock Exchange (JSE) listed firm however, said that gross profit in relation to revenue growth did not increase during the period which it attributed to sales mix changes, fuel price increases and margin pressure. Despite the long felt pressures from the recent drought and the general subdued performance of the retail…

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South Africa’s Kaap Agri revenue rises 8% as wheat business pays

  SOUTH AFRICA – South Africa’s agricultural retailing and service company, Kaap Agri has recorded an 8% increase in revenues to US$477 million arising from a remarkable increase in its important wheat business, reports Business Day. In the year to end September, the company said wheat seed sales had recorded a 40% increase resulting in better revenues. The company also noted a 12% rise in the number of transactions. The bumper harvest comes after a prolonged drought in the Western Cape   which had seen the wheat storage reduce to the…

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Kaap Agri revenue up 5.4% despite drought crunch

SOUTH AFRICA – Kaap Agri, the 2017 JSE listed trader in agricultural commodities reported that its revenue in six months ended 31 March 2018 grew 5.4% to US$271.14 million despite harsh climatic conditions that affected most of its agricultural commodities, reported Fin24. The harsh market environment was coupled with low consumer and business confidence plus a constrained spending power of customers, all factors impacted by dry conditions and impact of a strengthening rand on exporters, particularly in the fruit industry. Although recurring headline earnings per share increased by 7.2% to…

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