Dangote revenues boosted by new capacities
Dangote Cement reported a double-digit rise in first-quarter revenue, boosted by contributions from its new factories in Africa.
South Africa
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South Africa imposes duties on Pakistan cement imports
The levies follow an investigation initiated by the International Trade Administration Commission of South Africa (ITAC) on 22 August 2014 after a number of local cement produci...
South Africa: PIC increases stake in PPC
The Public Investment Corporation (PIC) had increased its investment in PPC to 15.165 per cent, the South African cement producer yesterday. The PIC confirmed in December when t...
PPC to ease expansion, focus on existing projects
PPC said it will expand more slowly after spending on its 'Rest of Africa' projects has raised its debt load, the company's chief executive said on Wednesday. PPC is building pl...
PPC and AfriSam call off merger talks
South African cement producers PPC and AfriSam have called off merger talks after they could not reach a consensus on the terms, both the companies said on Friday. Last December...
PPC continues to study AfriSam proposal, South Africa
PPC said that its board is continuing to consider the indicative non-binding proposal from AfriSam Group for a merger between the two South African cement producers.
PPC
PPC’s earnings in the six months to the end of March 2015 could tumble by between 25 and 45 per cent YoY, according to a recent company trading statement. Despite positive cemen...
PPC cautions on half-year earnings
South Africa's biggest cement maker, PPC, advised yesterday that its earnings in the six months to the end of March 2015 may fall by as much as 45 per cent partly due to rising ...
South Africa sees pick-up in 3Q cement sales
South African cement sales rose by 4.6 per cent to 3.39Mt in the third quarter of 2014 after contracting in the previous two quarters, industry data released by the country’s le...
South Africa: PPC names new CEO
PPC has announced the appointment of Darryll Castle as executive director and CEO, effective 12 January 2015. PPC's former chief executive Ketso Gordhan resigned in September af...