Afrimat says diversification is paying off as dividend almost doubles
Demaneng iron ore mine helps boost operating profit 56.9%
31 October 2019 - 08:29
JSE-listed building materials and industrial minerals group Afrimat has managed to weather anaemic conditions in SA’s construction sector, having almost doubled its interim dividend to end-August amid a healthy performance from its Demaneng iron ore mine in the Northern Cape.
SA construction companies remain battered by declining government infrastructure spending and poor economic conditions, but Afrimat has benefited from its 2016 acquisition of the high-grade Demaneng mine...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.