Listed transport giant on the verge of finalising sale of international shipping business
Mohammed Akoojee, CEO of Imperial Logistics. Picture: FREDDY MAVUNDA
An acquisition of a freight business will add freight management capability to its portfolio, Akoojee said. “ is still a work in progress. We are looking at a few targets for acquisition. But we first want to exit the shipping business first,” Akoojee said on Tuesday.Imperial is also turning its focus on growing its rest of Africa operations. Akoojee said Imperial’s strategy to penetrate the rest of Africa’s pharmaceuticals and consumer packaged goods markets was still on track. In the six months to December, R6,4bn or 25% of Imperial’s revenue was generated in the rest of Africa.
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