In a move to further entrench its strong foothold in metropolitan areas, black empowered building supplies group Afrimat Limited has purchased two quarries and a concrete block and brick factory in KwaZulu-Natal in its second acquisition since listing. The strategically located quarries will boost Afrimat’s total quarry portfolio to 22…

Black empowered building supplies group Afrimat Limited has posted maiden profit after tax for the year to February 2007 of R67,6 million, beating pre-listing forecasts by 6,3% on a year-on-year basis. Afrimat debuted on the JSE in November last year following the merger of its two key underlying operations –…

In its first acquisition since a record debut on the JSE in November 2006, black empowered building supplies group Afrimat Limited has acquired the Malans Group (“Malans”) in the Cape for R125 million. The earnings-enhancing acquisition adds strategically located quarries and sand mines to Afrimat’s portfolio, further boosting the group’s…

Black empowered building supplies group Afrimat Limited successfully debuted this morning on the JSE, immediately indicating execution of its acquisition strategy when it placed the company under cautionary. The share listed strongly at R8,05 to give Afrimat a market capitalisation on listing of R1 billion. New contracts for Afrimat worth…

Black empowered building supplies group, Afrimat Limited, is well positioned to exploit the R74 billion SA building and construction industry through a diverse product range of Mining & Aggregates, readymix concrete and concrete blocks and bricks. With a strong brand presence the group’s underlying operations are market dominant in the…

Black empowered building supplies group Afrimat Limited, which today published its abridged pre-listing prospectus, has met with enthusiastic interest from the select group of investors privy to its private placement roadshow in October. The group provides a diverse product range of Mining & Aggregates, readymix concrete and concrete blocks and…