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OneLogix achieves solid year, despite headwinds

by | Aug 25, 2022 |

JSE-listed niche logistics provider OneLogix Group produced a “satisfactory set of results”  for the financial year ended May 31, despite it being a particularly difficult year, CEO Ian Lourens says. “Notwithstanding South Africa’s emergence from the restrictions of the protracted Covid-19 lockdowns, local and regional economies remained comparatively listless. Within this sluggish economic environment, it has become increasingly costly to run a logistics business in South and southern Africa, primarily because we are simply not able to recover various rising costs from our value chain,” he explains.

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Kenya Airways boosted revenues and cut losses during the first half of this year

by | Aug 24, 2022 |

Kenya Airways, the national flag carrier of the East African country, released its results for the first half of this year (1H22) on Wednesday. It had accrued total revenues of 48.104-billion Kenya shillings (Kshs) in the period under review. (This figure comes to a little more than $401-million.) This represented a 76% increase over the revenues accrued during the same period last year (1H21). The operating loss in 1H22 was Kshs5-billion ($41.7-million). This was 31.5% down on the operating loss of Kshs7.3-billion ($609-million) recorded in 1H21.

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