Cement News tagged under: Afrisam

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Dangote Cement

28 August 2019, Published under Cement News

Dangote Cement is among five companies calling for an investigation into cement imports into South Africa. According to The Concrete Institute (ITC), imports have risen by 139 per cent since 2016. In the 2Q19, 350,441t of cement arrived in South Africa, the highest level since the 3Q15. Imports from Vietnam alone totalled 301,872t. Most of the cement imports come through Durban, which handled 260,909t in the second quarter of this year, marking an 85 per cent increase on the 1Q19. On beha...

AfriSam will use carbon tax to as an incentive for energy innovations

02 July 2019, Published under Cement News

AfriSam's Cementitious Executive, Hannes Meyer, highlighted the potential of South Africa's new carbon tax to incentivise energy-saving innovation. The new carbon tax came into force on 1 June 2019 and AfriSam has been preparing for this change. Speaking at a presentation to media at its Dudfield cement plant near Lichtenburg in the North West province, Mr Meyer said AfriSam continues to cut the carbon footprint of its cement. Efforts focus on using less energy in the production of clinker,...

South Africa's carbon tax: an opportunity for eco-cements

07 June 2019, Published under Cement News

On 26 May 2019, President Cyril Ramaphosa signed off South Africa's Carbon Tax Act, which came into effect on 1 June. The financial impact on South Africa's cement sector should intensify carbon emission reduction programmes and accelerate the trend towards the production of eco-blended cements, but it could also have a negative effect of encouraging cheaper imports. In this first phase, a tax of ZAR120/t (US$8/t) of CO 2 emitted will be in place. However, polluters receive 60-95 per cent ...

AfriSam expects carbon tax to boost slagment sales

24 April 2019, Published under Cement News

AfriSam is helping to support customers seeking to reduce their carbon footprint with its 'slagment', which is expected to see an increasing rise in popularity following the new carbon tax in South Africa, which comes into force in June 2019. AfriSam's dedicated slagment plant in Vanderbijlpark has the capacity to produce over 0.8Mta of slagment, along with over 0.2Mt of blended cementitious products. For over half a century, AfriSam has produced its trade-named 'slagment' from ground granu...

South Africa's construction sector unlikely to recover before 2021

26 February 2019, Published under Cement News

Following Finance Minister Tito Mboweni's first budget, economist Dr Azar Jammine has raised hopes for a "major recovery" in the South African economy, but he warned it was unlikely to happen before 2021. Speaking at AfriSam's 2019 National Budget Breakfast in Sandton on Thursday, Dr Jammine told a diverse audience of more than 200 people from the construction sector that 2019-20 would remain very difficult. Planned government investment in infrastructure, for instance, was expected to rise...

PPC

31 January 2019, Published under Cement News

This month has seen South Africa’s Competition Tribunal once again turn its attention to alleged cartel activity in the cement industry. The Competition Commission previously argued in 2008 that PPC, AfriSam, Lafarge and Natal Portland Cement (NPC) were involved in a market-sharing arrangement in the late 1990s. PPC was granted conditional immunity from prosecution in exchange for complete disclosure of all cartel activity between itself and its competitors. AfriSam and Lafarge paid fines...

AfriSam sponsors Biodiversity category at Eco-Logic Awards

09 May 2018, Published under Cement News

South Affrican cement producer, AfriSam is sponsoring an award for the Biodiversity Category in the 2018 Eco-Logic Awards. The Enviropaedia Eco-Logic Awards, introduced in 2011, are designed to recognise individuals, organisations and communities that positively contribute towards a sustainable world. The 2018 Eco-Logic Awards gala event will be held on 5 June 2018. The awards have grown in popularity over the years and now cover 13 environmental categories. The award in the Biodiversity...

Fund manager gains veto control over PPC

07 November 2017, Published under Cement News

The Public Investment Corporation (PIC) has increased its stake in PPC Ltd, South Africa, to just over 25 per cent, the threshold required to gain ‘negative control’ over the country’s largest cement producer, according to a report in Business Day. The PIC, which also controls 66 per cent of the second-largest player in South Africa, Afrisam, is now the able to block any significant transactions the PPC Ltd board seeks to pursue. Such transactions would require support from 75 per cent of s...

PPC

01 November 2017, Published under Cement News

October has seen the saga over PPC’s future continue to dominate the headlines. Last month saw AfriSam submit a merger deal, backed by Toronto-based Fairfax Financial Holdings. However, Prudential Investment Managers, which holds a 13-14 per cent stake in PPC, opposed the merger saying that the AfriSam deal undervalued PPC and that PPC’s share price would double in the next 3-4 years as operations across Africa ramp up. Visio Capital Management, which has a seven per cent share in PPC, th...

PIC increases shareholding in PPC

17 October 2017, Published under Cement News

Cement producer PPC reported on Monday, 16 October, that the Public Investment Corporation (PIC) had increased its shareholding in the South African cement company, which is currently mulling bids from several parties that are vying for its shares. AfriSam, supported by Canada's Fairfax Africa Investments, made an offer in September to buy R2bn of PPC ordinary shares at ZAR5.75 a share (US$0.43). The offer includes a ZAR4bn recapitalisation of AfriSam before any merger. The PIC, which i...