About the deal

Investec advises Afrimat on a successful R680m capital raise

Investec Bank is proud to have assisted Afrimat Limited in successfully raising R680 million by way of an accelerated bookbuild. Following strong demand, Afrimat elected to increase the size of the bookbuild, which remained oversubscribed at close. Investec’s continued connectivity and high touch points assisted in successfully concluding this capital raise.

About Afrimat Limited

Afrimat is a leading mid-tier mining company. It has been listed on the ‘Construction and Materials’ sector of the JSE Main Board since 2006.

The group supplies a broad range of products ranging from construction materials (aggregates, bricks, blocks, pavers and ready-mix concrete), industrial minerals (lime and lime products), and bulk commodities (iron ore, anthracite and manganese).