Afrimat upbeat about cash generation as acquisition streak continues
The acquisitive group says despite a downturn for parts of its business, it has a healthy cash pile and is debt free
27 May 2021 - 09:46
UPDATED 27 May 2021 - 15:52
Robust cash generation should be enough to pay for Afrimat’s acquisition streak, even after paying a record R163m full-year dividend, the building materials and mining group says.
The group, valued at R7.44bn, has been bulking up its mining interests, recently taking over an anthracite mine, while earlier in May it agreed to pay about R650m for the Gravenhage manganese right in the Northern Cape...
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