Metair half-year revenue up 31% to R7.76bn

Metair’s first-half profit dropped 9 per cent as high finance charges more than doubled in the period, reversing the bottom line. The automotive parts and energy storage group said demand from OEMs improved in the period and it successfully launched the production of the Ford new Ranger. Sjoerd Douwenga, CEO, Metair joins CNBC Africa for more.