BAW BAWP - Barloworld Limited - Update On Strategic Review - 07/12/2017
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Barloworld Limited - Update On Strategic Review

Release Date: 07/12/2017 12:15:00      Code(s): BAW BAWP      
Update on Strategic review

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Namibian Stock Exchange share code: BWL)
("Barloworld” or “the Company")


Update on Strategic review

During the Final Results presentation, the Company provided
a further update on its strategic review and the
implementation of the group’s new corporate strategy
(Strategic Review). The following key initiatives were
identified and have been previously reported on:

  - Fix and address underperforming businesses
  - Optimise returns from the existing portfolio
  - Look at high growth opportunities based on existing
    capabilities

The Company wishes to provide a further update based on the
continued implementation of some of the initiatives.

The group has significant capital allocated to leasing
assets. In order to further optimise capital allocation
into higher returning opportunities, various options are
currently under consideration in relation to the groups’
vehicle leasing assets. The group believes that by funding
these assets more effectively it will enhance its overall
return on capital while creating opportunities for the
businesses directly or indirectly involved in leasing
activities further capacity to pursue growth. The board has
not taken any decisions in this regard.



Sandton

7 December 2017

Sponsor: J.P. Morgan Equities South Africa Proprietary
Limited

Date: 07/12/2017 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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