Robust cash generation will be enough to pay for Afrimat’s acquisition streak, even after paying a record R163m full-year dividend, the building materials and mining group says.
The group, valued at R7.44bn, has been bulking up its mining interests, recently taking over an anthracite mine, while earlier in May it agreed to pay about R650m for the Gravenhage manganese right in the Northern Cape...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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