Afrimat

Finweek English Edition - - SMALL CAP -

be­ing too conser va­tive with cash can be detri­men­tal to a company, and by putting the cash to work, the company will be at­tempt­ing to ad­dress the im­bal­ance with­out mak­ing the company fi­nan­cially vul­ner­a­ble.

Van Heer­den noted changes they have de­tected in the gov­ern­ment’s much-pub­li­cised in­fra­struc­ture drive. “The t rend i s t hat i nfrastr uct ure projects are be­ing fo­cused on the ru­ral ar­eas, so projects are smaller. Th­ese smaller projects are be­ing car­ried out by smaller com­pa­nies, with a strong fo­cus on ser­vice de­liv­ery.”

On the company’s African plans, Afrimat has now ex­ited Namibia and has in­stead de­cided to en­ter Mozam­bique. “We have part­nered with a lo­cal company up in Pemba on a small com­mer­cial quarry, which is al­ready op­er­a­tional. This will be linked to the de­vel­op­ment of the liq­ue­fied nat­u­ral gas ter­mi­nal that is planned there,” says Van Heer­den. The company has also been awarded a min­ing per­mit for an ag­gre­gates quarry in the Nel­spruit area. So de­spite the pre­vail­ing gloom, the fu­ture looks rosy for the company.

An­dries van Heer­den

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.