Newsmaker
CHRIS BARRON: ‘M&A red tape impeding investment and growth in SA’: Afrimat CEO
Afrimat CEO Andries van Heerden says competition authorities threatening success of R1bn Lafarge acquisition
31 March 2024 - 09:46
Andries van Heerden, CEO of R10bn construction, industrial minerals and mining company Afrimat, says the slow pace of regulatory approval for mergers and acquisitions is a huge impediment to investment and economic growth in South Africa.
“The message to companies like Afrimat wanting to grow and contribute more to GDP is 'rather take your money and invest it in Namibia or Zambia or any other country'. Certainly, that’s the message I’m getting.”..
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