Afrimat is bullish on plans to further diversify operations
The group wants to grow its exposure to other trends especially fertiliser and the modern energy trend of rare earth which it believes will gain traction over the medium to long term
27 October 2022 - 09:52
UPDATED 27 October 2022 - 17:24
Cash-flush Afrimat is confident its most recent acquisition will serve to further diversify its portfolio, as the building materials and mining group looks to reduce its exposure to bulk commodities, especially iron ore.
Afrimat CEO Andries van Heerde told Business Day that given the way the business has evolved over the last five years, “we’ve become very exposed to our bulk commodities division, specifically to iron ore”...
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