South Africa's carbon tax: an opportunity for eco-cements
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...
Afrisam
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AfriSam expects carbon tax to boost slagment sales
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...
South Africa's construction sector unlikely to recover before 2021
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 unli...
PPC
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 ar...
AfriSam sponsors Biodiversity category at Eco-Logic Awards
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,...
Fund manager gains veto control over PPC
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 co...
PPC
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. ...
PIC increases shareholding in PPC
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 cur...
PPC is a new target for CRH
CRH is among companies considering a counterbid for PPC that could trump an offer by Canada’s Fairfax Financial Holdings, according to Bloomberg sources.
PPC merger opposition grows
Visio Capital Management, which holds seven per cent of PPC shares, is the latest investment manager to object to a partial conditional offer for AfriSam-Fairfax merger.