South Africa's cement import volumes shoot up
Cement imports into South Africa have surged by 293 per cent YoY in July and have also risen by 17.5 per cent since the start of the year. The main source for the cement came ...
South Africa
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Turbulent times for Africa?
For the cement sector, turmoil has probably come to a head in many parts of Africa. Cement demand has slowed or fallen back into the red in many African countries, while overca...
PPC releases operational update for the 4MFY20
South Africa's PPC has released an operational update for the four months to 30 July, noting a 5-10 per cent increase in group EBITDA due to positive price momentum in South Af...
PPC
South Africa’s PPC has failed to submit a bid for the Rwandan government’s 46 per cent stake in cement producer Cimerwa, forcing the government to seek an alternative investor....
Dangote Cement
Dangote Cement is among five companies calling for an investigation into cement imports into South Africa. According to The Concrete Institute (ITC), imports have risen by 139 ...
Sephaku Holdings CEO to resign
The CEO of South Africa-based Sephaku Holdings, Dr Lelau Mohuba, has informed the company’s board of his intention to resign with effect from 31 December 2019. Dr Lelau was ...
AfriSam will use carbon tax to as an incentive for energy innovations
AfriSam's Cementitious Executive, Hannes Meyer, highlighted the potential of South Africa's new carbon tax to incentivise energy-saving innovation. The new carbon tax came into...
PPC reports revenues of ZAR10.4bn in FY19
PPC has reported revenue up one per cent in the FY19 ended 31 March, rising to ZAR10.4bn (US$772.7m), while EBITDA increased four per cent to ZAR1.9bn. PPC's overall cement vol...
PPC to shut down kiln to meet emission standards
South Africa’s PPC has stated that it expects to pay around ZAR120m (US$8.5m) as a result of the new carbon tax and will also shut down a kiln at its Port Elizabeth (PE) facili...
Sephaku Cement set to increase prices this month
South Africa’s Sephaku Cement (Dangote Cement) is expected to pay between ZAR35m-40m (US$2.4-2.8m) each year following the introduction of a new carbon tax on 1 June. "The as...