Afrimat: Sour and sweet
External factors, including the iron ore price, have not been kind to Afrimat. But better days are ahead
29 August 2024 - 08:00
Afrimat has been the mid-cap market darling for years. It is widely acknowledged that its executives are excellent capital allocators and consummate dealmakers.
Since its listing on the JSE in 2006, a series of well-timed and judicious acquisitions to diversify the aggregate and quarrying business into areas such as iron ore, anthracite, phosphates and cement have powered growth in earnings and the share price...
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