PPC - May 2019

PPC Zimbabwe is planning to invest some of its dividends in government bonds to increase local procurement, according to the company. PPC currently runs three plants in the country with a total production capacity of 1.4Mta. Around 70 per cent of inputs for the plants are now sourced locally.

Over the last five years, PPC Zimbabwe has spent more than US$140m refurbishing its plants and is about to launch a seventh product into the market. According to Nkosana Mapuma, sales and marketing manager at PPC Zimbabwe, the company is committed to the country’s economic development and hopes that by investing in the government bonds it can not only boost local procurement but also increase its exports.