ARB's growth plans

2007-11-21 00:00

Speaking to The Witness yesterday, ARB CEO Craig Robertson stressed the fact that the company maintains a strong base in KZN, with an office in Pietermaritzburg and the head office in Durban.

ARB plans to expand in South Africa both organically and through acquisitions. The company is listed on the “Electronic and Electrical Equipment” sector of the JSE main board, trading under the share-code ARH.

ARH opened yesterday at R5,05 and the stock last traded at R5,10, reaching a high of R5,18. ARB's market capitalisation is estimated at about R1,2 billion.

Robertson explained that the branch in Pietermaritzburg is an essential one, adding that it services areas such as the greater Midlands, Kokstad, Newcastle and Pongola.

He said ARB has secured a lot of work from local farmers and industrial concerns in and around Pietermaritzburg. He also pointed out that they have been involved in the Nondela Mountain Estate in the Drakensberg.

He said that the need to raise more capital was an inevitable imperative for the company. “This business is a working capital intensive business. We must have a lot of stock when dealing with customers,” explained Robertson.

Robertson rates two sectors, namely construction and electricification, as booming sectors capable of delivering positive outcomes for ARB, on the presumption that South Africa will be used as a base for a rollout of electrification across the African continent.

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