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Johannesburg - Shares of Barloworld [JSE:BAW] declined 2.34% to R75.20
after US firm Caterpillar cut its 2015 earnings forecast on Monday, warning of
a bigger-than-expected decline in demand from the mining industry.
Barloworld is the biggest supplier of Caterpillar products,
such as forklifts and earth-moving equipment, in southern Africa.
Caterpillar cut its earnings forecast to $12 to $18 per share, from $15 to $20 per share, sending its shares down more than 2.4% in after-hours trade.
