Afrimat notes some improvement in conditions following tough first-half

JSE-listed mining and materials group Afrimat has warned that losses in its cement segment and a weaker-than-expected performance from its anthracite segment will mean that its results for the 2025 financial year will be lower than those of the previous period. In a preclose briefing on February 17, the company noted that changes in the iron-ore market, given the rand value received on iron-ore exports and the volume reduction from ArcelorMittal South Africa (AMSA) in the first half of the 2025 financial year, severely impacted on Afrimat’s financial performance.