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The remainder of revenue was sourced from Barloworld’s equipment business in Russia and Southern Africa.Combined, the vehicle rental, automotive trading and logistics businesses contributed 20% to operating profit for the period under review.Total Barloworld revenue declined by 12%, to R25.2-billion, with operating profit down 27%, to R1.2-billion.“The returns have all been lower than expected,” said Sewela.

Transport. Barloworld Automotive comprises of the following world class business units; Car Rental, Avis Fleet, and Motor Trading. All Rights Reserved. Barloworld will be exiting the logistics sector, says CEO Announcing the company financial results for the six months ended March 31, he said that the business had been given a three-year period to turn around, with a decision on its future scheduled for September this year.However, given the current circumstances, Sewela had decided to exit the logistics business.The automotive business had also been put under review, he added.“We shall look at the business and look at alternatives to say what do we do with it.”Barloworld’s automotive business was particularly hard hit by the national lockdown to curb the spread of Covid-19. Download content from Barloworld Logistics, from our annual foresightreports to case studies. Logistics.

02 Mar 2020 barloworld-logistics-logo . Mmutlana also noted that the Barloworld vehicle rental business would defleet from 27 000 vehicles in March, to 10 000 vehicles by February 2021.Logistics contributed 8% to revenue for the six months ended March 31, with automotive trading at 29% and the vehicle rental business at 13%. The company was established in 1902 in South Africa, making it one of the country’s oldest companies. The initial hard lockdown had halted vehicle sales and travel for a period, and by implication vehicle rentals.

www.logolynx.com. “Not all of it was Covid-19 related. © Copyright 2017 Business Essentials. Your password will be sent to this address.separate emails by commas, maximum limit of 4 addressesBarloworld to exit logistics, shed 2 500 jobs in auto, logistics business The BE online community comprises of knowledgeable industry leaders that provide information and insights relevant to the growing South African market.

The current lockdown at Alert Level 3 still restricted holiday tourism and travel.Avis would lose 50% to 60% of its staff, logistics 30%, the division’s headquarters 47%, and the motor retail business 30%, with a number of dealerships to close. Home » » barloworld-logistics-logo. Barloworld - A Leading Global Industrial Company Barloworld - Leading Brands - Group Structure, website developed by Overend Outsource 10 Barloworld Logos ranked in order of popularity and relevancy. Barloworld Logistics Logistics and Supply Chain Johannesburg, Gauteng 66,637 followers Leading supply chain and logistics expert in Southern Africa. Barloworld is a distributor of leading global brands, providing integrated rental, fleet management, product support and logistics solutions. In our third episode of our digital innovation series Sello discusses the fourth industrial revolution (4IR) and augmented reality (AR), and the impact of this technology on the supply chain industry. Our platform helps our clients reach new markets through thought leadership and content driven marketing. At LogoLynx.com find thousands of logos categorized into thousands of categories. News. It is very important that we focus on fixing the business. Logo. These cookies are used to collect information about how you interact with our website and allow us to remember you. Barloworld will be exiting the logistics sector, says CEO Dominic Sewela. Toggle navigation Logos Discovery Engine. Young. We were already in a weak environment before that.”He added that it would probably take between 18 and 24 months before “things normalise”, especially as the current spate of retrenchments in the wider economy would limit available consumer spend.He said that even though a lot had been spoken about infrastructure development to boost the South Africa economy, nothing had come of it yet.“We are not going to hold our breath for that.