by Rowan Goeller | Nov 18, 2021 | Construction and Basic Materials
September 2021 Key message: September imports were high at over 150kt – supply chain issues do not seem to be impacting cement shipments. September 2021 saw imports of 151 521 tons, a significant increase from July and August levels. The 12-month rolling annual import...
by Rowan Goeller | Nov 10, 2021 | Construction and Basic Materials
Key message: With the roads order book relatively full, renewable energy offers Raubex further growth opportunities. The announcement of external funding for Eskom from COP26 should unlock public and private renewable energy spend. This is significant for Raubex as...
by Rowan Goeller | Nov 5, 2021 | Construction and Basic Materials
Its about Volumes Not Prices Key message: Iron ore prices have retreated significantly, but we still forecast revenue in FY24 to be 2.4 times that in FY21 due to volume growth in existing and new mines. Afrimat released 1H FY22 results, with HEPS up 60.5% to 295.1c...
by Rowan Goeller | Oct 21, 2021 | Construction and Basic Materials, General
August 2021 Key message: July and August imports have been relatively high given the looting and port issues over the period. Government localisation policies will have minimal impact on imports. August 2021 saw imports of 75 944 tons, after 79 516 tons were imported...
by Rowan Goeller | Oct 18, 2021 | Construction and Basic Materials
Key message: With the restructuring complete margins and profitability are improving, with a strong 2H expected. Calgro released 1H FY22 results. Revenue increased by 46% at an improved gross profit margin of 19.7% (17.5% developments, 60% memorial parks). Management...
by Rowan Goeller | Oct 13, 2021 | Construction and Basic Materials, General, Industrials
A Deep Dive In this presentation we have an in-depth look at the South African Cement industry (including aggregates and ready-mix). Download presentation here
