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flag Afrimat's earnings surged 92.3% in H1 2025, fueled by stronger iron ore and construction sales, but debt and export challenges remain.

flag Afrimat posted a 92.3% surge in headline earnings per share for the first half of fiscal 2025, driven by stronger domestic iron ore sales and improved construction materials performance, with group revenue up nearly 30% to ZAR5.3 billion. flag The cement division saw revenue jump 118.8% but remained unprofitable, while cash flow rose to ZAR357.7 million. flag Despite progress, debt remains high, and challenges persist from South Africa’s deindustrialization and logistical constraints on iron ore exports. flag The company declared a 20-cent interim dividend and is selling non-core assets to reduce debt, while exploring opportunities in rare earth elements.

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