South African tycoon Giovanni Ravazzotti's Italtile warns earnings will fall on cheap imports
Billionaires Africa | 11.08.2026 19:13
Italtile expects headline earnings per share to fall by between 7.5 percent and 12.4 percent for the year to June, as cheap imported tiles squeeze the manufacturing business that Giovanni Ravazzotti built to insulate the group from foreign competition half a century ago.
