Sephaku: Surviving while paying its debt aggressively
The company, much like the industry, is in survival mode at the moment as it tries to cut expenses wherever it can
Sephaku is one of the companies affected by the sluggish economic conditions in SA. It has a 36% stake in Dangote Cement SA, which manufactures the Sephaku Cement brand, and owns 100% in Métier Mixed Concrete.
The ready-mixed concrete business in SA has not exactly thrived in the past few years given the backdrop of poor economic conditions and poorly performing state-owned enterprises. Macroeconomic expenditure in construction has been on the decline for some time now and this has taken its toll on the sector as a whole...