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AFRIMAT LIMITED - Voluntary Announcement Relating to Impact of COVID 19 Pandemic

Release Date: 01/04/2020 11:56
Code(s): AFT     PDF:  
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Voluntary Announcement Relating to Impact of COVID 19 Pandemic

Afrimat Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022534/06)
Code: AFT ISIN: ZAE 000086302
("Afrimat" or “the Company”)


VOLUNTARY ANNOUNCEMENT RELATING TO IMPACT OF COVID 19 PANDEMIC


In addition to the voluntary announcement release on 26 March 2020, Afrimat has consulted with the
government authorities and industry bodies in South Africa to determine and agree which operations will
be continuing due to constituting essential services. Government has revised and created exemptions for
other goods, which are critical to the health of the national economy and its revitalisation post the crisis.


During the lockdown period, Afrimat Demaneng Proprietary Limited, a fully-owned subsidiary of Afrimat,
will continue production with a 50% level of workforce. Afrimat will have access to the rail and port
logistics infrastructure which will operate within their reduced capacity to support the export of iron ore.


In line with South African government requirements, Afrimat has started to implement all appropriate
measures across its essential operations, with a focus on de-densification of the workforce and isolation
where needed.




Cape Town
1 April 2020
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 01-04-2020 11:56:00
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