COMPANY RESULTS –Dis-Chem's diesel costs climb to R90m
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GUEST – Rui Morais, CFO at Dis-Chem and CEO designate
Dis-Chem is the latest South African retailer to report rising costs associated with load shedding, as companies attempt to shield their operations from rolling power cuts by investing in backup power solutions. The pharmacy retailer said its strategic early investment in generator capacity has resulted in minimal disruption to its ability to trade, but its diesel expenses have increased by 65% to R91m for the 12 months ended 28 February.
Dis-Chem is the latest South African retailer to report rising costs associated with load shedding, as companies attempt to shield their operations from rolling power cuts by investing in backup power solutions. The pharmacy retailer said its strategic early investment in generator capacity has resulted in minimal disruption to its ability to trade, but its diesel expenses have increased by 65% to R91m for the 12 months ended 28 February.
