Weekend Post: "“Elimination of intercompany deficiencies, improved debt collection techniques and improvement of treasury management initiatives have resulted in maintenance of a strong balance sheet position”, a statement accompanying the half year results reads.
The company’s newly appointed managing director Robert Pool also announced that the group is finalising the closure of its subsidiaries in Zambia, Uganda and India as it looks to the second half of the year for improved results.
“Statutory requirements are being undertaken to finalise the closure of these branches in the respective countries,” a joint statement signed by the acting chairman, Emeldah Mathe and managing director Robert Pool reads."
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