Local firms splash on capital expenditure

Most listed companies have recently been reporting strong financial earnings, enabling them to channel some of the profits towards capital expenditure.

LOCAL companies are ramping up capital expenditure (capex) programmes, aiming to expand their operations and grow market share despite a challenging business operating environment. The local industry has shown signs of resilience in a market characterised by high inflation, tight monetary liquidity, uneven competition from cheap imports, excess taxes, and high costs of credit, among…

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