African Oxygen – Hot or Not

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African Oxygen, or Afrox as its most commonly known, is sub-Saharan Africa’s market leader in gases and welding products. It is controlled by the Linde Group, a German multinational in the gases, engineering and technology sector. Afrox has a market cap of R6.9 billion, a price to earnings ratio of 23.3 and a dividend yield of 0.7%. Guest David Lerche Avior from Research and our resident expert Paul Theron from Vestact decides whether African Oxygen is hot or