Mining and materials group Afrimat — known both for its savvy deal-making and extreme caution in buying other companies — has inked its biggest purchase yet: the R650m acquisition of manganese mine Gravenhage in the Northern Cape. Its timing in moving into other minerals has been impeccable so far, and Afrimat has managed compound annual growth in after-tax profit of 22% since February 2009. The FM spoke to CEO Andries van Heerden.
You don’t seem to have put a foot wrong — have you just been lucky?..
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