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February 15, 2008

Hudaco says investment underpin will shore up growth, but forecasts slower pace

Industrial product importer and distributor Hudaco Group believes that investments in both public and private infrastructure are now replacing consumption as the growth engine in South Africa and this will be the case for many years in the future.

Speaking at the company's results presentation earlier this month, CEO Stephen Connelly said that the industrial market was expected to deliver a sustained growth volume at a slower rate than previously anticipated owing to infrastructure constraints.

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Posted by StaffWriter at February 15, 2008 7:23 AM