Afrox: Positive outlook despite shrinking South African economy


Schalk Venter is a glass half full kind of man, viewing every situation with optimism and hope. “There’s always opportunity,” he tells gasworld. “If one looks through the dark clouds, you will see a ray of light.”

And as the Managing Director of African Oxygen Limited (Afrox), Venter has every reason to be positive at the moment. In the face of the biggest fall in South Africa’s gross domestic product (GDP) since 1960, sub-Saharan Africa’s leading industrial gases and welding company has reported strong cash management and cash flows.

Afrox has steered a managed but flexible path through the economic destruction of the Covid-19 lockdown, which saw a large percentage wiped off South Africa’s GDP in a matter of months. “And that’s the key, to remain flexible. We’ve been making good, but small, strategic steps in the right direction that will lead to larger investment. There’s a lot been happening at Afrox this year,” Venter says.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...