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CAFZF - Canaf Group Inc.

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  • CAFZF - Canaf Group Inc.

    This coking coal company sells it's products to major industry billion dollar companies such as BHP and AcerolMittal(see Canaf website). They did $10+ mil revenue last year with a $552K net profit. In Q1 this year they did the same and expect Q2 to have a 40% revenue increase as per their financials on Sedar.

  • #2
    Looks as if the CEO of CAF has already established himself in South Africa's realm of black empowerment. He started a company a few years ago called Sewa Coti, as per his LinkedIn: Sewa Coti is an African-focused consultancy specialising in due diligence, project management, strategy, as well as B-BBEE legislation in South Africa.

    This means the company should get that deal mentioned in the MD&A signed no problem.