KAP Industrial planning steps for ‘just in case’

DURBAN – JSE-listed diversified industrial group KAP Industrial Holdings said yesterday that its businesses had not been affected by the coronavirus outbreak in the country, but it was putting controls in place in case the outbreak occurred at one of its operations.

However, the group said it acknowledged the seriousness of the current situation.

“While the nature and extent of the impact of Covid-19 on South Africa, its people, its economy and the company is currently unknown, it could be potentially significant. To date there are no confirmed cases of Covid-19 in any of KAP’s operations,” the group said.

It added that the situation was being monitored on an ongoing basis and management were putting controls in place to prevent and minimise potential infections.

KAP operates three divisions: industrial, chemical and logistics, and each of them have their underlying businesses.

Source: iol.co.za