by Rowan Goeller | Aug 30, 2022 | Construction and Basic Materials
Key message: Gravenhage may have slipped through its grasp, but current operations offer better returns and new opportunities may present. Afrimat held a pre-close update for 1H FY23. The main topics were the failure to meet to conditions precedent for the Gravenhage...
by Rowan Goeller | Aug 12, 2022 | Construction and Basic Materials
Key message: Cement imports for April-June 2022 are 39% down on 2021 levels, indicating a possible decline in imports as port conditions normalise. April to June 2022 saw imports of 171kt, down 39% from the same period in 2021. The 12-month rolling annual import level...
by Rowan Goeller | Jul 21, 2022 | Construction and Basic Materials
Key message: AfriSam faces the same inflationary pressures as all producers. It is generating enough cash to maintain operations. Download full report
by Rowan Goeller | Jul 1, 2022 | Construction and Basic Materials
Key message: Cost inflation will be difficult to recover through pricing, although key cost variables are likely to be volatile this year. PPC released FY22 results, with revenue up by 11% (+5% excl. Zimbabwe). Costs increased by 19%, impacted by Zimbabwe (+85% with...
