Building Value. Backed by Performance.
We are proud to be Africa’s leading player in the markets we serve and continue internationalising our business.
Our focus remains on ensuring the long-term success of our business by proactively driving growth through transformation and strategic transactions with a clear emphasis on expanding our international footprint.
2024 Annual Results
Our stated ambition as the AECI Group is to double the profitability of our core businesses by 2026 and secure a global market position of #3 in mining by 2030.
As 2024 was the first full year of execution against our new strategy, the Group made some necessary concessions which are key enablers in the successful execution of the strategy. The reported results reflect the impact of these strategic enablers which include strategic divestments, transformation investments, and one-off impairments. These enablers underpin the transitionary phase of our strategy and form a platform on which the Group can build towards achieving strong and sustainable future performance. We made steady progress with rolling out the strategy, which resulted in:
- Implementing our new operating model
- Rolling out our leadership compact and culture code
- The signing of sale agreements for AECI Animal Health and AECI Much Asphalt
- Delivering an EBITDA run rate of R800 million for the year and converting R504 million of the run rate into profit and loss
- Gaining traction with our globalisation strategy by leveraging our exceptional chemical expertise to further internationalise our business, expand into Peru, and significantly enhance our presence in Australia.
Double profitability of the core business (Mining and Chemicals) by 2026 Attain a global market position in mining of #3 by 2030
AECI Schirm
Operating from Germany and the USA, we synthesise, formulate, and package fine, specialty, and agrochemicals, serving as a production service provider and contract manufacturer for the chemical and related industries.
AECI Much Asphalt
Southern Africa focused providing bitumen, modified binders and emulsions for construction, pavement and side mixes among others.
AECI Animal Health
South Africa based manufacturer of nutritional.
AECI SANS Fibers
USA based, supplying a broad range of specialty nylon 6.6 light denier industrial and heavy denier air-jet textured yarns for high specification end uses are produced.
AECI Food and Beverage
Supplies a range of technology driven and consumer-led additives, ingredients and processing aids.
AECI Public Water
Treatment and management of potable and sewage water as well as a high-level capability in implementing alternative water sources treatment technologies.
Shareholdings
Shareholdings as at 4 March 2025
| Rank | Fund Manager | % | Holding |
|---|---|---|---|
| 1 | Public Investment Corporation | 23,01% | 24 280 188 |
| 2 | Ninety One | 9,57% | 10 094 582 |
| 3 | PSG Asset Management | 9,01% | 9 506 087 |
| 4 | Aylett & Co | 6,12% | 6 456 295 |
| 5 | 36One Asset Management | 5,61% | 5 918 473 |
| 6 | Vanguard Investment Management | 3,87% | 4 085 837 |
| 7 | Truffle Asset Management | 3,77% | 3 976 058 |
| 8 | Camissa Asset Management | 3,72% | 3 925 523 |
| 9 | Dimensional Fund Advisors | 3,01% | 3 176 052 |
| 10 | BlackRock | 2,31% | 2 434 421 |
