Cement News tagged under: Sephaku Holdings
Sephaku Holdings' profit eroded by rising costs14 November 2023, Published under Cement NewsSephaku Holdings (Sephold) reported revenue of ZAR626.6m (US$33.44m) in the six months ended 30 September 2023, marking a 19.7 per cent YoY improvement. However, net profit after tax over the same period declined from ZAR26.7m to ZAR19.7, while headline earnings per share fell from 11.26 cents to 7.54 cents, reports IOL. According to the company, although activity in the construction industry improved, particularly in the civil construction and non-residential sectors, the rising cost... |
Sephaku Holdings reappoints executive director25 March 2020, Published under Cement NewsSouth Africa’s Sephaku Holdings has announced that Kenneth Capes has been re-appointed as an executive director and CEO of Métier Mixed Concrete Proprietary Ltd, with effect from 1 April 2020. Mr Capes’ experience spans the manufacture of ready-mixed concrete to quarrying. He first joined the company’s board as an executive director in 2013, as part of the founding owners of Métier following its acquisition in the first quarter of 2013. “The board welcomes the appointment of Kenneth as an... |
Sephaku Holdings CEO to resign26 July 2019, Published under Cement NewsThe CEO of South Africa-based Sephaku Holdings, Dr Lelau Mohuba, has informed the company’s board of his intention to resign with effect from 31 December 2019. Dr Lelau was a founding Sephaku Holdings board member and group chairman from 2005-12 until he became CEO in 2012 when the group introduced an independent chairman to comply with the King code. |
Sephaku Cement set to increase prices this month27 June 2019, Published under Cement NewsSouth Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The associate will apply the tax on its products based on the proportion of clinker per ton, which translates to between 1.5 per cent and 2.5 per cent price increases on lower-strength and high-strength cement, respectively," said Sephaku Holdings, 36 per cent owner of Sephaku Cement, in a statement. The company will incre... |
Dangote Cement18 August 2015, Published under Cement NewsDangote Cement has announced plans to construct a second cement plant in Cameroon, at a cost of US$150m. According to local press, the new factory will be located in Yaounde and will have a production capacity of 1.5Mta. Along with the company’s existing plant in Douala, this second investment will take Dangote’s total capacity in the country to more than 3Mta. With huge infrastructure investments in the pipeline in Cameroon and the surrounding countries, Dangote hopes the new plant will go ... |
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