CA&S Group, led by Botswana executive Duncan Lewis, declares $6.4 million dividend for investors

Key Points

• CA&S declared a $6.4 million final dividend, up 24.9%, maintaining its policy of paying 20% of headline earnings to shareholders.
• Revenue climbed 10.6% to $683.37 million, while HEPS surged 25.3%, driven by acquisitions, organic expansion, and improved operational efficiency.
• Operating across eight African countries, CA&S invests in logistics, technology, and advisory services to strengthen its FMCG distribution and retail execution.

CA&S Group, a dual-listed fast-moving consumer goods (FMCG) services company based in Gauteng and led by Botswana executive Duncan Lewis, has declared a final gross dividend of $6.4 million for its 2024 fiscal year. The payout represents a 24.9 percent increase from the previous year, reflecting the company’s steady financial and operational growth.

Sticking to its dividend policy of 20 percent of headline earnings, the Botswana-based firm will pay shareholders R0.2444 ($0.0131) per share, amounting to R117.05 million ($6.42 million). The dividend is set for distribution on April 29, 2025, with the record date on April 25 and ex-dividend trading beginning April 23.

Financial growth and market expansion

CA&S posted strong financial results for 2024, with revenue rising 10.6 percent to R12.52 billion ($683.37 million), driven by organic growth, acquisitions, and market expansion. Headline earnings per share (HEPS) jumped 25.3 percent to R1.227 ($0.0671), highlighting improved profitability.

Operating profit increased 4.7 percent to R782.57 million ($42.72 million). Adjusting for a one-off gain from the prior year’s acquisition of Namibia’s T&C Group, earnings per share (EPS) rose 27.9 percent, showing solid underlying performance.

CEO on strategic growth and shareholder value

“CA&S remains committed to delivering strong shareholder value through our strategic market expansion and integrated service offerings,” said CEO Duncan Lewis. “Our ability to navigate supply chains, enhance brand visibility, and optimize retail execution continues to position us as a leading FMCG services provider in the region.”

The company’s multi-channel approach—spanning distribution, logistics, technology, and advisory services—has strengthened its market presence, ensuring top consumer brands reach retail shelves efficiently. As CA&S deepens its footprint in Southern and East Africa, it remains well-positioned for continued growth in 2025 and beyond.

CA&S assets rise on expansions, acquisitions

CA&S operates across Botswana, Eswatini, Lesotho, Mauritius, Namibia, South Africa, Zambia, and Zimbabwe, offering sales, distribution, retail execution, logistics, advisory, technology, and training services.

Total assets grew 9.6 percent to R5.65 billion ($308.45 million), supported by warehouse expansions, acquisitions, and increased working capital. Investments in technology and retail support have further strengthened its regional operations.

With a growing market presence and solid financials, CA&S continues to establish itself as a key player in Africa’s FMCG distribution and retail execution sector.