Against a background of
tough economic conditions,
logistics major Micor has
recorded a positive trend in
terms of revenue growth,
with a stable outlook for the
year ahead.
“The last financial
year was better than
the year before and the
current financial year is
an improvement on the
previous one,” CEO Henk
Theron told FTW. “The
industry is tough and
revenue growth is not easy,
but we have been very
successful at cutting costs.”
In an industry that
continues to be driven
by rates, under-cutting is
endemic.
“Good service levels are
a given – and customers
continue to be lured away
by a better rate which is
often a last-minute spot
rate that cannot be offered
consistently,” says Theron,
and this is a point that he
believes must be driven
home.
With the backing of
global partner Agility,
which is one of the top
ten agents in the world,
Micor’s strongest trade
lanes continue to be
Germany and the Far East
with a significant push into
Africa.
And Africa has been a
strong focus for Theron
who holds the dual role
as CEO of Micor and
divisional executive for
African businesses –
incorporating Sherwood
International, which offers
customised in-bound supply
chain services and solutions
across many geographical
borders, especially in the
African continent.
Micor is currently
involved in the logistics for
an electrification project in
Ghana, in which Sherwood
is involved, and will
continue to look for growth
wherever there is a mining
or construction boom, he
said.
A new trade finance
facility is opening further
new opportunities, Theron
said, “as this enhances the
total supply chain solution
offering.
“On the trucking side
we run from the Congo to
Durban, touching Zambia,
Zimbabwe and South
Africa and then we also run
the corridor from Beira to
Zambia and Zimbabwe.
“We are also exploring
opportunities in Kenya,
Tanzania and South
Sudan,” said Theron
who hinted at possible
acquisitions in East Africa
in the long-term future.
CAPTION
Henk Theron … ‘Trade finance
enhances total supply chain
solution offering.’
