AECI gears up to lower debt as it brews growth strategy
26 July 2023 - 09:20
UPDATED 26 July 2023 - 19:49
Diversified explosives and chemicals group AECI says it is reviewing its operations to design a new growth strategy which it will unveil in November, while it hunkers down to lower its R5.7bn debt pile that is equal to more than half its market value.
Speaking to Business Day on the release of group results for the six months to the end of June, group CEO Holger Riemensperger said rapid growth in the company’s mining segment had required large amounts of working capital in the period...
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.