LATEST NEWS FOR KAP Industrial Holdings Ltd.  

KAP is a diversified industrial group, operating in southern and East Africa, with leading industry positions in the wood-based panel, automotive components, bedding, polymers, logistics and passenger transport sectors.... [more info]

KAP Industrial posts 25% fall in annual profit

20 Aug 2019 /  Onke Ngcuka, Reuters   1
Attributes fall to the impact of an accounting change on a BEE transaction.

Did Steinhoff’s CFO jump ship, or was he pushed?

10 Jul 2019 /  Barbara Curson   8
Surely all hands should be on deck?

Steinhoff’s Conforama raises $357m to shore up finances

12 Apr 2019 /  Renee Bonorchis and John Bowker, Bloomberg   
Conforama’s expenses increased due to store openings, marketing campaigns and other projects initiated before the crisis erupted, Steinhoff says.

Steinhoff: Now for the restructuring

23 Apr 2018 /  Patrick Cairns   4
Creditors will be presented with a plan next month.

Steinhoff seeks about R3.8bn from KAP share placement

13 Mar 2018 /  Janice Kew and John Bowker, Bloomberg   6
Embattled retailer will reduce KAP stake to refinance debt.

Steinhoff considers sale of PSG, KAP stakes to lift liquidity – sources

12 Dec 2017 /  Tiisetso Motsoeneng and Arno Schuetze, Reuters   2
Stakes will most likely be sold in chunks via an accelerated book build to institutional investors.

Shares in KAP Industrial fall 8% on Steinhoff woes

6 Dec 2017 /  TJ Strydom, Reuters  
Industrial group says that while Steinhoff is a major shareholder, it doesn't have control.

Billionaire Wiese faces antitrust hurdles in bid to merge assets

13 Feb 2017 /  Janice Kew, Bloomberg   2
Negotiations underway to create Africa’s biggest retailer.

Steinhoff-linked KAP rises to seven-month high after purchase

10 Aug 2016 /  Liezel Hill, Bloomberg  
To R6.75 a share.

KAP set for seven-month high after acquisition

10 Aug 2016 /  Liezel Hill, Bloomberg  
KAP’s R4.1 billion Safripol deal expands diversified chemical business.

PG Bison invests R1 billion in particleboard plants

22 Oct 2015 /  Antoinette Slabbert  
Ensures SA’s future demand for chipboard

KAP shares up on annual results

18 Aug 2015 /  Antoinette Slabbert  
HEPS increase by 19%.

KAP open to acquisition opportunities

11 Aug 2015 /  Patrick Cairns  
The diversified industrial company is on the lookout, but will be selective.

These 15 SA companies employ 1 million people

9 Jun 2015 /  Ciaran Ryan   4
'Many companies likely to simply ignore new BEE codes and fall back on the Constitution.'

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