Afrox seeks to improve efficiencies in light of declining growth

Against a backdrop of subdued economic growth during the past two years, which Afrox believes will prevail in the medium term, the company has reviewed its operating model to enable continued growth in earnings, the company said in a trading statement released on Thursday. Particular areas have been targeted to extract further efficiencies. These are a refined go-to-market approach; the continued centralisation of support functions; the continued integration of production and distribution; and optimised supply and distribution networks.