CA Sales Holdings sees 18.2% jump in annual revenue

FMCG group CA Sales Holdings has reported an impressive 18.2 per cent jump in annual revenue, propelling profits for the year higher by more than a third. Duncan Lewis, the Chief Executive Officer at CA Sales Holdings, attributes this success to the group's commitment to achieving a continent average growth rate of 20 per cent. While the group fell slightly short of this target with 18.2 per cent revenue growth in 2022, Lewis remains optimistic about the future and aims to sustain a compound average growth rate of 20 per cent. The company's ability to adapt to changing operating conditions and navigate rising costs has been crucial in driving this growth. Lewis acknowledges the challenges posed by varying trading conditions across different jurisdictions, with South Africa facing issues such as energy costs and load shedding, while markets like Botswana present more favorable GDP growth forecasts. However, he emphasizes the importance of vigilance in cost management to mitigate these challenges. In particular, the rising fuel costs have been identified as a significant driver of overall expenses, contributing to elevated food inflation in South Africa. Despite these pressures, CA Sales Holdings continues to attract new clients and expand its services, with recent onboarding of clients in Namibia, Zambia, and South Africa. Lewis attributes this success to the company's operational effectiveness and efficiency, which have been instrumental in securing new business opportunities. Looking ahead, CA Sales Holdings remains focused on growth and is actively seeking acquisition opportunities to complement its existing portfolio. The company aims to expand its presence in warehousing and distribution services, with a target of between 500 million and 800 million rands for potential acquisitions on the road to becoming a 20 billion rand business by 2026.