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Afrimat continuing its journey into a mid-tier mining house


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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
“After 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. ....

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