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...

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