South Africa’s Clicks Sees Earnings Growth Defying Tepid Economy
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South African health-care retailer Clicks Group Ltd. projects growth of as much as 16% in its full-year earnings even as an increase in value-added tax, a sluggish economy and global uncertainty constrain the trading environment.
The Cape Town-based group will invest 1.025 billion rand ($54 million) of capital for the year through August as it plans to open more than 100 stores and pharmacies to achieve its medium-term target of 1,200 outlets, it said Wednesday.