Afrimat proceeds with R116m dividend payment
Group had delayed decision for its year to end-February due to Covid-19 uncertainty
Building materials and industrial minerals group Afrimat is proceeding with a R116m dividend payment for its year to end-February, having recently delayed the decision due to Covid-19 uncertainty.
Higher iron-ore prices helped group profits to rise more than 50% in its year to end-February. The group said in May a ramp-up in infrastructure spending in SA could benefit its quarrying business, in which it is already experiencing an improvement in demand...