Super Group’s profit plunge highlights crisis in SA’s logistics and infrastructure

Super Group reported a 26% decline in annual headline earnings due to geopolitical uncertainties and severe infrastructure issues in South Africa.

1. Headline earnings per share dropped to 353.8 cents, while revenue rose 4.6% to R64.9 billion, benefiting from acquisitions and a weaker rand.
2. Despite revenue growth, EBITDA fell by 1.4% to R8.45 billion, and operating profit decreased by 5.6% to R3.79 billion due to weaker European and UK operations.
3. South African challenges include a weak rand, persistent electricity and water supply problems, and infrastructure issues with rail and ports, affecting growth.
4. European growth is hindered by ongoing conflicts in Ukraine and the Middle East, exacerbating food and energy price increases.
5. Super Group declared a final dividend of 60 cents per share, down from 80 cents the previous year, reflecting the difficult trading environment and ongoing infrastructure challenges.