Building and construction materials group Sephaku Holdings slipped into a loss in its year to end-September, saying it rivals were aggressively pursuing increased market share amid limited opportunities as infrastructure projects dry up.
SepCem, of which Sephaku holds 36%, reported a 19% decline in cement volumes, with a net loss after tax of R21.6m, down from a profit of R44.6m previously.
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Sephaku slips into a loss as rivals aggressively pursue market shareThe cement maker has reported a R7.7m loss in its year to end-September amid declining infrastructure spend in SA
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