StocksMedium•22 October 2026•
1 min read
Afrimat Profit Plunges 87% in H1 Amid Toughest Conditions Since 2006
Key Facts
1Afrimat reported an 87% slump in first-half profit after tax.
2The company attributed the decline to weaker iron ore profitability and ongoing cement operations issues.
Afrimat reported an 87% slump in first-half profit after tax. According to the company, the results stem from the most challenging trading environment the group has encountered since its listing in 2006.
The company attributed the decline to weaker profitability in the iron ore segment and ongoing operational difficulties within its cement business units. This downturn follows economic data from South Africa showing the annual inflation rate reached 4.5% on October 21, 2026.