CEO's inside track on Afrimat - SA-focused high quality mining stock which traded 50% higher in April

Loading player...
At BizNews, we keep a close eye on share prices of high quality companies, waiting to flag the opportunity when they temporarily fall out of favour with Mr Market. South African-focused iron ore, coal and bulk materials miner Afrimat fits this bill. Its share price it now at around R50, having traded above R75 four months ago. In this in-depth interview, Afrimat CEO Andries van Heerden shares unique insights into the ambitious company's progress. An obvious conclusion: as institutional investors were recently climbing over each other to buy R680m worth of fresh shares at the current price, private players entering now appear to have a safety net. Ven Heerden spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
19 Aug 2022 2AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min

The BizNews Edge: Nedbank, Grindrod and the coal stock no one was watching

Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800%…
24 Jun 8AM 26 min