 | |
| Company type | Public |
|---|---|
| JSE:AFE | |
| ISIN | ZAE000000220 |
| Industry | Mining Chemicals[1] |
| Founded | 1896; 129 years ago (1896)[2] |
| Headquarters | , |
Area served | Worldwide |
Key people | Khotso Mokhele (Chairman) Holger Riemensperger (CEO) Ian Kramer (ActingCFO)[1] |
| Revenue |  R33.59 billion(2024)[4] |
| R1.05 billion(2024)[4] | |
| - R255 million(2024)[4] | |
| Total assets | R27.24 billion(2024)[4] |
| Total equity | R12.07 billion(2024)[4] |
Number of employees | 6,938(2024)[1] |
| Website | www |
AECI (officiallyAECI Limited) is aSouth Africanmining andchemicals group, headquartered inSandton, and listed on theJSE Limited.[5]
Founded in 1896,[2] the company operates in 20 countries, and has manufacturing facilities across 6 continents. It is one of South Africa'slargest corporations by annual revenue.[1]
The company was registered asAfrican Explosives and Industries (AE&I) in 1924, with its headquarters inJohannesburg.[6][7] It was formed as the result of a merger between the South African interests ofNobel Industries of theUnited Kingdom and the manufacturing arm ofDe Beers Consolidated Diamond Mines ofKimberley.
The company's primary purpose was to provide blastingexplosives and detonators to South Africangold anddiamond mines but AE&I was also the only South African producer ofphosphaticfertilizer. In 1944 the company was renamed asAfrican Explosives and Chemical Industries (AECI).[8]
AECI listed on the JSE Limited in 1966.[9]
AECI has 4 major divisions:[1]
The majority of the group's revenue comes from South Africa, where most of its employees and board members are based.[1]
Other countries of operations include Botswana, Zambia, Ghana, Australia, Indonesia, Papua New Guinea, Brazil, Chile, and Peru.[1]
As of 2024, 29% of AECI's South African workforce was covered by acollective bargaining agreement. In the same year, the company had women comprising 29% of the group's junior, middle, and senior management roles, and was recognized as a Top Employer in South Africa for the 5th consecutive year.[1]
AECI's sustainability efforts focus on areas such as healthcare, climate, and education. The group operates numerous funds, including the AECI Social Responsibility Fund, the AECI Foundation, and AECI International Social Responsibility fund.[1]
Among the social wellbeing initiatives the group has undertaken are community food gardens and bakeries, rainwater harvesting, and skills training and mentorship (via its Leap Up program). AECI has a net zero carbon emission goal for 2050, and generates a portion of its electricity supply from renewable sources.[1]