Afrimat lost R100m to Transnet woes - but its diversified business kept the firm on the rails

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
Afrimat CEO Andries van Heerden
Afrimat CEO Andries van Heerden
Michael Hammond

Afrimat CEO Andries van Heerden says the South Africa’s continuing rail challenges have cost it at least R100 million. 

The company, whose history stretches back to the 1960s, produces construction materials, industrial minerals and bulk commodities. Its bulk commodities operations are made up of the Demaneng and Jenkins iron ore mines, as well as the Nkomati anthracite mine – contributing 74% of the group’s operating profit.

Afrimat relies on Transnet’s rail system to transport its products. But Transnet’s rail operations have been disrupted by equipment shortages, floods and even locust outbreaks. 

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.88
-0.1%
Rand - Pound
19.50
-0.2%
Rand - Euro
16.82
-0.2%
Rand - Aus dollar
11.05
-0.7%
Rand - Yen
0.12
+0.1%
Gold
1,827.24
+0.3%
Silver
21.27
+0.5%
Palladium
1,890.50
+0.9%
Platinum
916.00
+0.5%
Brent Crude
115.09
+1.7%
Top 40
61,920
+0.6%
All Share
68,181
+0.5%
Resource 10
66,554
+1.6%
Industrial 25
80,542
+0.4%
Financial 15
15,359
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot