PPC posts 23% drop in EBITDA
PPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six mont...
Botswana
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PPC Group revenues rise 9%
PPC's group revenues, excluding Zimbabwe, for the five months ended August 2022, increased by nine per cent, driven by robust demand in Rwanda but impacted by hyperinflation acc...
Cheetah Cement Botswana to reduce country's cement imports
Cheetah Cement Botswana (Pty) Ltd, which includes investment from Chinese backers, has promised to play a crucial role in helping Botswana cut its cement imports to zero. Botswa...
PPC not to raise capital and focus on growth
South Africa-based PPC has successfully refinanced its debt and is close to finalising its restructuring. Therefore, the company will not require a capital raise, said its CEO, ...
Matsiloje Portland Cement could reopen by year end
Matsiloje Portland Cement (MPC), one of only two homegrown cement producers in Botswana, is considering a return to production by the end of the year following its closure in 20...
Financial restructuring positions PCC for long-term recovery
Competent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (DRC)...
PPC sees group revenue decline 2% YoY
South Africa-based PPC has seen its group revenue decline two per cent YoY to ZAR10.241bn (US$618.23m) in the year ending 31 March 2020, compared with ZAR10.494bn in the previou...
Matsiloje Cement MD claims his company was not protected
Racjit Josh, managing director of the closed Matsiloje Portland Cement (MPC) plant, has said that it would be difficult to reopen the plant without government support to restric...
Botswana to restrict cement imports
The Botswana Government will restrict cement imports from September 2018. According to the Minister of Investment, Trade and Industry, Bogolo Kenewendo, the step is part of the ...
PPC
PPC has reported improved revenue in the nine months ending 31 December 2017, compared to the same period a year earlier, driven by good operational cost management. Group EBITD...