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 (...
South Africa
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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 recover...
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 cas...
Cement sales stabilise in South Africa in the 3Q20
Sales of cementitious products in South Africa edged up 0.3 per cent in the third quarter of 2020 to 3,457,438t when compared with 3,447,822t in the 3Q19, according to Levitt K...
Sephaku Cement CEO passes
The death of Peter Fourie, Sephaku Cement (Dangote Cement South Africa) CEO, was announced on Wednesday. Mr Fourie had suffered a stroke a week earlier and had been admitted ...
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 rest...
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 ...
Sephaku Cement sees 10% revenue increase in 2020
South Africa's Sephaku Cement (Dangote Group) has reported a nine per cent YoY increase in sales volumes for 2020, despite 1H20 volumes being down 8.5 per cent YoY. In the 3Q20...
Dangote Cement records strong pan-African cement volumes in FY20
Dangote Cement's regional performance in FY20 saw its domestic market of Nigeria return volumes of 15.73Mt, a rise of 11.5 per cent on the 14.11Mt recorded in FY19. Cement and ...
Lafarge Cement Zimbabwe diversifies product range
Lafarge Cement Zimbabwe (LafargeHolcim group) has completed crucial test runs on a multi-million-dollar dry mortar plant as it aims to turn into a multi-product operation. L...