Getting set for a solid profit performance

The last time IM reviewed enX Group was in 2015’s third quarter, when the industrial conglomerate had just added petrochemical and power generation assets to the operating base of what had been known as Austro.

EnX’s market capitalisation at that time was just R1.2bn. At the time of writing, that has more than doubled, thanks to the game-changing acquisition of the old Eqstra group, which brought profitable industrial equipment and fleet manage-