Afrimat braces for tough interim results as external shocks weigh on diversified portfolio

Diversified mining and construction materials group Afrimat says its performance for the six months to June 30 will reflect the pressure it has been under as a combination of weaker commodity prices, a stronger rand, higher shipping and fuel costs and subdued domestic demand weighed heavily on the business. Afrimat describes the period as among the hardest in its 20-year history, although it expects conditions to improve during the second half of the year.

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