Imperial tops losers list on Top-40 index

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CorporateBusiness

Johannesburg - Imperial Holdings shares slide more than 3 percent after the logistic company posts flat first-half profit, reflecting a slow down in demand for trucks to haul merchandise across Africa.

Imperial's customers, whose business is chiefly in the retail and manufacturing industry, are seeing a slow down in consumer demand as joblessness and inflation bite.

Imperial shares are down 3.3 percent at 162.39 rand, the biggest drop by any company on the Top-40 index so far this session. - Reuters


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