Afrimat defies construction slump
The open-pit mining company reaps benefits of diversifying into bulk commodities
Listed open-pit mining company Afrimat bucked the trend in construction with a strong performance in the six months to end-August as diversification into bulk commodities paid off.
In the period the company lifted revenue by 19.9% to R1.7bn, despite the downturn in construction that has seen some of the country’s large construction companies go into business rescue. ..