Pioneer revenues surge

Pioneer Corporation Africa group revenue for the first five months of the year surged by 17% to $10,7 million driven by improved performance of its cross-border trucking business.

Continuing strong demand for imports into the country is expected to boost its regional business as a result of movement of goods from neighbouring South Africa.

In a trading update to shareholders chief executive officer Albert Ushe said increased export volumes from the mining sector had propelled its south bound freight loads into South Africa and the trend is expected to continue to year-end and beyond.

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