CA&S Group Delivers Impressive Half-Year Results with 22.5% Revenue Growth

Johannesburg, 28 August 2023 – CA Sales Holdings Limited (“CA&S” or “the Company” or “the group”), the holding entity behind a collection of established fast-moving consumer goods (FMCG) retail solution businesses across southern Africa, today announces its unaudited half-year financial results for the period ending 30 June 2023. These results underscore the successful execution of the group’s strategic growth initiatives in the face of global economic challenges.

As a trusted partner to multinational and national brand owners, CA&S facilitates comprehensive route-to-market services, empowering brands to flourish in diverse retail channels. The group’s commitment to overcoming trade barriers, amplifying brand presence, and nurturing market share has driven its success in the competitive retail landscape. Services ranging from warehousing and distribution to technology-driven solutions solidify CA&S Group’s role as a strategic collaborator.

Mr. Duncan Lewis, CEO of CA&S, commented: “We are delighted to announce these strong half-year results, a testament to our unwavering dedication to our clients’ success and our commitment to innovation. Despite the ongoing economic complexities, our robust growth strategy has proven effective, resulting in impressive growth across all indicators. We remain focused on delivering value to our clients and all stakeholders as we pursue our growth ambitions.”

Financial Highlights:

  • Revenue grew by 22.5%, reaching R5.2 billion compared to R4.3 billion in H1 2022.
  • Gross profit climbed by 25.9% to R786.8 million, up from R625.2 million in H1 2022.
  • Operating profit saw an increase of 75.5%, reaching R387.0 million compared to R220.6 million in H1 2022.
  • Headline earnings exhibited growth, rising by 24.8% to R172.7 million.
  • Headline earnings per share increased by 21.5% to 36.5 cents per share, up from 30.0 cents per share in H1 2022.
  • Earnings per share increased by 108.9% to 63.4 cents per share, compared to 30.3 cents per share in H1 2022.
  • Total assets expanded by 22.4% to R4.5 billion, reflecting the group’s strategic acquisitions and increased revenue.
  • Net cash resources saw a rise from R459.4 million to R590.4 million by June 30, 2023.


The group’s acquisition of T&C Properties Namibia (Pty) Ltd and Taeuber and Corssen SWA (Pty) Ltd for R65.0 million, collectively known as the T&C Group, bolstered its presence in Namibia. This transaction resulted in a gain on bargain purchase value of R123.6 million, further reinforcing the group’s strategic market positioning.

Despite the challenging economic landscape marked by persistent inflation, CA&S remains resolute in its strategic approach. With a strong balance sheet, a wide geographical footprint, and a diversified portfolio, the group is primed to deliver positive results throughout the remainder of the fiscal year. The growth strategy, encompassing expanded services, channel diversification, geographical expansion, and value-driven acquisitions, positions the CA&S Group for continued success.