Not for nothing is Afrimat a favourite among small-cap investors. The junior miner — which is exposed to the construction sector through its quarrying and aggregates business and to the mining industry through its Demaneng iron ore mine — has grown interim profit 11% to R353m despite the closure of much of its business over SA’s initial lockdown. Its shares are up more than 17% in the year to date and 67% over five years, whereas firms like Aveng, for example, are down 98%. We spoke to CEO Andries van Heerden.
Are you seeing any evidence of President Cyril Ramaphosa’s infrastructure pledges in actual construction work now?..
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.