South Africa

Kaap Agri aims to double margins of fuel business in next five years

Agricultural services business Kaap Agri still hopes to double the size of its lower-margin fuel retailing business in the medium term — but with markedly improved returns on invested capital.

Speaking after the release of full-year results to end-September on Thursday, Kaap Agri CEO Sean Walsh said a five-year plan to grow the fuel business — held under The Fuel Company (TFC) — would involve a concerted plan to improve the return threshold for fuel retailing sites...

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