For Afrimat, true transformation means giving people the chance to succeed in life
The story of Bongani Nkonyane Cape Town, 14 February 2018 – For many companies, transformation remains a tick-box exercise; in most cases it’s simply about adhering to BEE Codes and ensuring leadership equity. But for Afrimat, a leading open-pit mining company supplying industrial minerals and construction materials to the market, it’s about far more than […]
Afrimat’s diversification drive positions group successfully for continued growth
Highlights – HEPS up 7,4% to 102,2 cents – Contribution from operations’ margin 16,4% – NAV per share of 809 cents – Interim dividend 20,0 cents per share – Return on net operating assets 22,3% 2 November 2017 – Afrimat, a leading open-pit mining company providing industrial minerals, commodities and construction materials, today released its […]
Afrimat puts record straight regarding Competition Commission inquiry
Johannesburg, 3 April 2017 – Afrimat, a leading open pit mining company providing industrial minerals and construction materials, herewith responds to statements in the media concerning the Competition Commission’s referral of a complaint to the Competition Tribunal. Andries van Heerden, CEO of Afrimat confirms that, “the affected subsidiary of Afrimat, Clinker Supplies (Pty) Ltd (‘Clinker […]
Afrimat declares another fine set of results
Highlights: – Contribution from operations margin 16.3% – HEPS up 15.5% to 156.6 cents per share – Net debt:equity ratio of 3.5% – Final divided per share of 41 cents per share Johannesburg, 19 May 2016 – Afrimat, a leading open pit mining company providing industrial minerals and construction materials, today released full year results […]
Afrimat, focused diversification delivering results
– Contribution from operations margin 16,0% – HEPS up 24% to 76 cents – Net debt:equity ratio 14% – NAV per share of 671 cents – Interim dividend up 23% to 16 cents per share – Return on net operating assets 28% Johannesburg, 9 November 2015 – Afrimat Limited (“Afrimat”), the JSE-listed black empowered open […]
Afrimat buys Cape Lime, another strategic acquisition to boost diversification
Monday, 12 October, Cape Town – Afrimat Limited (“Afrimat”), the JSE-listed black empowered open pit mining group that supplies industrial minerals and construction materials, today announced another strategic acquisition that will further diversify its product offering, in line with the group’s strategy. Afrimat is acquiring lime and associated products producer, Cape Lime, which has roots […]
Diversification underpins continued growth at Afrimat
– Revenue up 5.1% to R2.0 billion – HEPS up 24.4% to 135.6 cents – Net debt: equity ratio 10.2% – NAV per share of 656 cents – Final dividend 37 cents per share – Return on net operating assets 29.0% Johannesburg, 21 May 2015 – JSE-listed open pit mining company, Afrimat, increased revenue by […]
Diversification underpins continued growth at Afrimat
Highlights – Revenue up 5.1% to R2.0 billion – HEPS up 24.4% to 135.6 cents – Net debt: equity ratio 10.2% – NAV per share of 656 cents – Final dividend 37 cents per share – Return on net operating assets 29.0% Johannesburg, 21 May 2015 – JSE-listed open pit mining company, Afrimat, increased revenue […]
Afrimat maintains sustainable growth
JSE open pit mining and materials company, Afrimat maintained steady growth for the six months to August 2014 (“the period”), reflecting the group’s successful diversification strategy. Revenue edged over the R1 billion mark for the first time at interims. The successful turnaround of group newcomer Infrasors strengthened the group’s performance. The top line increased 10% […]
Diversification drives Afrimat’s continued growth
JSE open pit mining company, Afrimat, increased revenue by 42,1% and operating profit by 55,4% for the year to February 2014 (“the year”), reflecting the successful execution of its diversification strategy aimed at long-term sustainability. Realising five years of patient and prudent strategy roll-out, the group benefitted from the strong performance of its newer industrial […]