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First-half highlights include efficiency improvement in the construction materials business, and domestic sales of iron ore compensating for a weaker dollar and the reduction in volumes. ....
Afrimat still on the acquisition trail after robust interim earnings iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
To view all features and options, click here. A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee. A yearly subscription is refundable within 14 days of purchase and includes a 365-day membership. Afrimat CEO Andries van Heerden says the group has achieved a compound average growth rate in profit after tax of 22% between February 2009 and February 2021 and the diversification has made the group more resilient. Van Heerden said Afrimat started as a construction materials business but has evolved over the years. Acquisitions âAfter the 2008 [global financial] crisis, we realised that construction can have a difficult road ahead and we diversified into industrial minerals and bought Glen Douglas and Infrasors and Cape Lime. ....