Sector: Industrials
The company is not available at Interactive Brokers
Afrimat (JSE:AFT) is a leading black empowered Group with its main business and core competence in open pit mining.
The group supplies a broad range of materials ranging from aggregates, concrete products (bricks, blocks and pavers) to readymix as well as industrial minerals and iron ore. In addition, Afrimat has established a strong foothold in contracting services comprising mobile crushing, screening, drilling and blasting; and offering flexibility even beyond its fixed areas of operation.
Afrimat’s flexibility extends further to project scale, with the group servicing major infrastructure and construction projects for public sector and government owned enterprises through to small private sector contracts. The diverse client base acts as a risk hedge and geographically diversifies Afrimat’s exposure to the Infrastructure related spend in its target regions.
Consistently low staff turnover has resulted in a deep skills pool. Real transformation, starting with staff and management and extending to community upliftment, is integral to the group’s sustainability. In addition, environmental conservation is an imperative part of Afrimat’s growth strategy.
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African Rainbow Capital is switching to investing in digital banks and financial start-ups, while shunning mining stocks, saying the boom in commodity prices maybe overdone.
2022-03-18 15:41 +02:00
