Cement News tagged under: South Africa

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Natal Portland Cement cleared in price-fixing case

06 December 2019, Published under Cement News

South Africa's leading antitrust tribunal has dismissed a price-fixing and market division case against Cimpor-owned Natal Portland Cement (NPC) more than a decade after an investigation was launched. The competition investigation was originally launched in 2008 and included PPC, AfriSam and Lafarge. The tribunal has come to the conclusion that NPC had not engaged in a price war. "It [NPC] was operating at maximum capacity, which it could not increase, and operated mainly, almost exclusivel...

PPC's group revenue impacted by Zimbabwe

21 November 2019, Published under Cement News

PPC announced a group revenue of ZAR4.9bn (US$330.1m) and group EBITDA of ZAR868m for the six months ended 30 September 2019. Group revenue was down 12 per cent on results from the six-month period at ZAR5.6bn, which was attributed to a 17 per cent volume decline in group cement volumes. Group EBITDA was also affected by Zimbabwe's currency devaluation and hyperinflation as well as the trading environment in South Africa, plus a one-off restructuring costs of ZAR83m. When excluding PPC Zimb...

Sephaku Holdings reports net loss in 1HFY19-20

15 November 2019, Published under Cement News

South Africa’s Sephaku Holdings has reported a loss of ZAR7.7m (US$521,582) for the six months ending 30 September 2019, compared with a ZAR26.5m net profit in the year-ago period. In particular, Sephaku Cement (Dangote Cement) announced a ZAR21.6m net loss against a ZAR44.9m profit in the corresponding period of the previous fiscal. Sales revenue decreased 16.9 per cent YoY to ZAR996.9m from ZAR1.2bn, while its EBITDA fell 40.7 per cent to ZAR151.5m. "The operating landscape had result...

PPC opens material handling facility

30 October 2019, Published under Cement News

PPC Ltd has opened its Port Elizabeth material handling facility in South Africa. The facility is located in Deal Party and is able to handle approximately 400tph of clinker. The new facility also has packaging equipment for cement and has a staff of 44 people. The ZAR60m (US$40.1m) facility was commissioned in August and was officially launched this week. One of PPC's 0.2Mta kiln lines at its Port Elizabeth cement plant was decommissioned in June 2019, because of stricter environmental reg...

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...


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...