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...

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