PPC sees EBITDA rise 15% in 1H20
South Africa-based PPC has seen its group revenue edge up one per cent to ZAR5.01bn (US$331.1m) in the half-year period ending 30 September 2020, compared to ZAR4.95bn in the 1H...
Ppc
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PPC sees rise in sales volumes in the 3Q20
South Africa’s PPC has announced that its cement sales volumes increased 20-25 per cent YoY in the third quarter of 2020. "This trend has continued in October with strong cement...
PPC settles cement cartel case
PPC has reached a settlement agreement with South Africa’s Competition Tribunal on the cement cartel case, bringing the 12-year matter to a close, reports Business Weekly. The a...
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...
PPC delays FY20 earnings results
PPC of South Africa has delayed the release of its full-year earnings for a third time as it finalises its financing. The new date for the financial disclosure is now set for 5 ...
Zimbabwe sees demand up in July
PPC says demand for cement in Zimbabwe is very strong, despite effects of the COVID-19 pandemic lockdown. In its latest operational update, the regional cement producer reported...
PPC and subsidiaries record double-digit growth in July
PPC reports that its total volumes at its international subsidiaries saw double-digit growth in July compared to sales in July 2019. "The demand is especially strong in Zimbabwe...
PPC considers restructuring and refinancing options
Following reports that South Africa’s PPC was looking to raise ZAR1.25bn (US$71.51m) from a rights issue, the company has stated that it is currently in talks with lenders befor...
South African cement sector is operating in survival mode
Bheki Mthembu, head of the inland business unit of PPC, says the lack of large-scale construction projects in South Africa has left cement producers heavily dependent on residen...
PIC reduces shareholding in PPC
PPC's largest shareholder, Public Investment Corp (PIC) has reduced its shareholding in the South African cement producer from 25 to 19.92 per cent. "The PIC’s disposal of share...