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Esorfranki moves up JSE ladder.

Business Day (South Africa)

| June 26, 2009 | COPYRIGHT 2008 Johnnic Communications. (Hide copyright information)Copyright

Byline: Bheki Mpofu

Esorfranki moves up JSE ladder BHEKI MPOFU Infrastructure Editor GEOTECHNICAL engineering company Esorfranki has moved its listing to the heavy construction sector of the JSE's main board after three years of phenomenal revenue growth on the junior AltX board which saw the firm's turnover pass the R1bn mark. Esorfranki said yesterday its move came after revenue grew tenfold from about R100m when it listed on the AltX in March 2006 to R1,4bn in February this year. It became the latest AltX-listed company in the sector to migrate to the main board since last year, when Sanyati joined midcap companies after also hitting the R1bn-a-year turnover mark. CEO …

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