Afrimat more than doubles earnings

JSE black empowered construction materials supply group Afrimat, has more than doubled headline earnings from this time last year to R47,6 million for the six months to August 2007. The interim period saw the group conclude two earnings-enhancing acquisitions – of Malans Quarries and Scottburgh Quarries – bolstering Afrimat’s long-standing…

Afrimat boosts Cape presence with R125 million acquisition of Malans quarries

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…

Tanya Pretorius

Afrimat: Head of Communications

Vanessa Ingram

Keyter Rech Investor Solutions