South Africa

390 posts · Page 13 of 39

Scaling up for growth

Scaling up for growth Premium

Cement producers do not just manufacture cement, they need to sell it too. So what happens when a new equity partner invests in the company with a plan to increase factory outpu...

PPC reports 3% increase in revenue

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

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...

Sephaku Cement CEO passes

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 to ...

PPC sells lime operations to Kgatelopele Lime

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 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...