Cement News tagged under: South Africa

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PPC's CFO to step down at the end of the month

11 October 2019, Published under Cement News

South Africa’s PPC has announced that its Chief Financial Officer, Tryphosa Ramano, will step down on 31 October after eight years at the company. Ms Ramano has agreed to take on a consultancy role with PPC to ensure continuity. Ronel van Dijk has been appointed as interim CFO and as an executive director. The news follows Roland van Wijnen taking over as CEO of PPC at the start of this month.

National regulator confiscates Rainbow Power Cement product

10 October 2019, Published under Cement News

South Africa’s National Regulator for Compulsory Specifications (NRCS) has confiscated thousands of Rainbow Power Cement bags and called for a nationwide recall after finding products non-compliant with compulsory cement specifications. "Rainbow Power Cement does not have the authority to manufacture and supply cement in South Africa as it had failed to meet minimum safety requirements in line with the NRCS Act. This has therefore led to withdrawal of the Letter of Authority as previously i...

PPC

26 September 2019, Published under Cement News

Imports of cement into South Africa have risen once again, up by 293 per cent YoY in July, putting the increase for the first seven months of the year at 17.5 per cent, despite the severely depressed state of the country’s construction sector. Imports are predominantly arriving from Vietnam, according to local reports. Last month, PPC, along with a number of other major South African cement producers, applied to the country’s International Trade Administration Commission (ITAC) for what t...

South Africa's cement import volumes shoot up

23 September 2019, Published under Cement News

Cement imports into South Africa have surged by 293 per cent YoY in July and have also risen by 17.5 per cent since the start of the year. The main source for the cement came from Vietnam during June-July 2019, according to Industry Insight. Approximately 104,099t of cement arrived in South Africa in June with a value of ZAR70m (US$4.7m), which is the highest level of cement imports since February 2015. A total of 631,059t of cement with a customs value of ZAR440m had been imported into ...

Turbulent times for Africa?

17 September 2019, Published under Cement News

For the cement sector, turmoil has probably come to a head in many parts of Africa. Cement demand has slowed or fallen back into the red in many African countries, while overcapacity and low utilisation rates are characteristic of many markets. However, much of this turmoil is self-inflicted. Tony Hadley provides an uncompromising assessment of the industry on the continent and examines the root causes of business failure in some key markets. By Tony Hadley African Advisory. A perfect...

PPC releases operational update for the 4MFY20

30 August 2019, Published under Cement News

South Africa's PPC has released an operational update for the four months to 30 July, noting a 5-10 per cent increase in group EBITDA due to positive price momentum in South Africa and cost optimisation initiatives. Average cement prices in its southern Africa region (including Botswana) rose 7-8 per cent in the period, however cement sales declined 10-15 per cent YoY on the back of a decrease in domestic demand. The company noted that importer and blender activity contributed to the comp...

PPC

28 August 2019, Published under Cement News

South Africa’s PPC has failed to submit a bid for the Rwandan government’s 46 per cent stake in cement producer Cimerwa, forcing the government to seek an alternative investor. PPC had indicated it would be making a bid and was given until 5 July 2019 to do so. Cimerwa has been persistently underperforming for a number of years now, manufacturing just 364,864t of cement in 2018, despite its production capacity of 0.6Mta. Meanwhile, cement demand in Rwanda has grown steadily on the back of...

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...

Sephaku Holdings CEO to resign

26 July 2019, Published under Cement News

The 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.

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,...