South Africa’s long walk to recovery Premium
While 2021 saw some pick-up in South Africa’s cement market, analysts do not expect a full recovery before mid-2024. By Industry Insight, South Africa. As the COVID-19 mutation ...
Ppc
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PPC to build 30MW solar plant in Zimbabwe
South Africa-based PPC will build a 30MW solar power facility at its Colleen Bawn clinker plant in Zimbabwe as part of its decarbonisation strategy. The clinker works will use 1...
PPC posts better-than-expected 1H in Zimbabwe
South Africa-based PPC has said its cement sales volume in Zimbabwe surpassed expectations as sales increased by 19 per cent in the six months to September as cement demand in t...
PPC sees 20% YoY rise in revenue
South Africa’s PPC Ltd has announced a 20 per cent YoY increase in revenue to ZAR5.13bn (US$324.5m) in the first half of the year, ended 30 September, compared with ZAR4.27bn in...
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, ...
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 reports 3% increase in revenue
South Africa’s PPC has reported a three per cent YoY increase in group revenue for the year ended 31 March 2021, rising to ZAR8938m (US$626.07m) from ZAR8671m, due to a recovery...
PPC to sell Botswana aggregate quarry business
South Africa-based PPC has entered into a binding sale and purchase agreement to sell its 100 per cent shareholding in PPC Aggregate Quarries Botswana Proprietary Ltd for a cash...
PPC sells lime operations to Kgatelopele Lime
South Africa’s PPC has announced the sale of its lime operations to Kgatelopele Lime for ZAR515m (US$35.5m). The net proceeds from the divestment are part of PPC’s capital restr...
PPC postpones its ZAR750m rights issue
PPC Ltd, South Africa's biggest cement maker, held off on a planned rights issue of about ZAR750m (US$640m) following a sales boost and advancing talks on the disposal of its li...