Mustek was founded in 1987 and grew to become one of South Africa’s largest assemblers and distributors of personal computers and complementary ICT products.
However, its most recent results were not good. Revenue declined by 13% and basic earnings per share was down 59%. He said the key for Mustek is to reduce its working capital — the inventory and accounts receivable — which have piled up over the last few years.If they are successful in reducing Mustek’s working capital, a significant amount of cash will be released.
Source: News Formal (newsformal.com)
Headline Mustek Umthombo Wealth Investing
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