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Mozambique cuts cement tax as costs soarMozambique has suspended a 10.5 percent tax on cement imports for the next two years to counter rising building costs, a government official said on Thursday. Cabinet spokesman Luis Cov...News - 29 December 2008 |
Afrisam workers hardest hit by cement shortageAs the whole country is engulfed by the shortage of cement, Afrisam employees seem to have been the hardest hit by this predicament. This is because their end of year performance bonuses are awar...News - 22 December 2008 |
Afrisam ZAR900m in the red, South AfricaAfrisam (formerly Holcim), the cement and aggregate producer controlled by a BEE consortium, has posted a loss of over R900m for the quarter ending September 2008 after financial and operating exp...News - 12 December 2008 |
Namibia cement shortageA serious shortage of cement has hit the building industry, with the smaller building contractors crying foul. So desperate is the situation that unscrupulous dealers are selling the available cem...News - 01 December 2008 |
Spain and Turkey hurt Cimpor’s resultsCimpor’s turnover for the first nine months increased by 7.9% to EUR1,580.3m, but a 13.9% increase in operating costs left the EBITDA 4.9% lower at EUR 444.23m. Financial charges more than tri...News - 27 November 2008 |
South Africa Infrastructure Report Q4 2008Construction projects continue to get South Africa’s infrastructure ready in time for the country to undertake its role as host for the 2010 World Cup. In June 2008 FIFA, the organising body for t...News - 26 November 2008 |
Cimpor nine-month profit seen down 27%Portuguese cement producer Cimpor is expected to announce a 27% YoY drop in net profit to EUR156.3m in the first nine months of 2008, the average projections of analysts polled by news agency Reut...News - 25 November 2008 |
Sephaku wins limestone mining licence for new cement plantThe Department of Minerals and Energy has granted Sephaku, a new entrant in South Africa’s cement industry a 30-year limestone mining right, the company said on Monday. The licence was awarded t...News - 18 November 2008 |
South Africa’s PPC boost FY headline EPS by 8%Pretoria Portland Cement (PPC) posted an eight per cent rise in full-year headline earnings per share but southern Africa cement sales volumes slipped due to a tough housing market. PPC said hea...News - 11 November 2008 |
Lafarge introduces new product, South AfricaLafarge has introduced the high earlystrength cement product Rapidcem CEM II 52,5N, which was developed in New Zealand for projects requiring early setting or strength development, to South Africa...News - 24 October 2008 |