Afrimat posts 37% revenue rise, but cement segment incurs losses
Afrimat recorded a group revenue rise of 36.7 per cent to ZAR8.3bn (US$454.6m) for the year ended 28 February 2025 from ZAR6.1bn, with the inclusion of the Lafarge business ...
South Africa
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PPC expects considerable jump in earnings
PPC has informed shareholders in a trading statement that it expects a 96-116 per cent increase in headline earnings per share from continuing operations for FY24-25. Earn...
PPC and Yellow Door Energy sign 24.5MW solar PPA
PPC Ltd and Yellow Door Energy (YDE) have signed a landmark 24.5MW solar power purchase agreement (PPA). YDE's solar park in Leeudoringstad, North West, will deliver clea...
Afrimat Construction Index improves in 4Q24
In the 4Q24 the Afrimat Construction Index (ACI), which reflects the level of activity within South Africa's building and construction sectors, has improved for the third-conse...
PPC signs agreement for new ZAR3bn cement plant in Western Cape
PPC Ltd has entered a memorandum of agreement with Sinoma Overseas Development Co Ltd for the construction of a ZAR3bn (US$159.17m) integrated cement plant in South Africa's ...
Afrimat Construction Index continues upward trend in 3Q24
Afrimat has released the findings of its Afrimat Construction Index (ACI) for the 3Q24. The ACI is a composite index of the level of activity within the building and construct...
Afrimat reports group revenue rise of 44% in six months ending 31 August
Afrimat has released results for the six months ending 31 August 2024. Group CEO, Andries van Heerden, said that group revenue increased by 44.3 per cent from ZAR2.8bn (US$15...
Robtek completes upgrade at Dudfield cement plant
The Robtek team has recently completed the discharge seal air cowl extension at AfriSam ’s Dudfield cement plant, contributing to the efficiency and performance of their ope...
PPC cement sales fall in 4M24-25
PPC cement sales declined 4.6 per cent in South Africa and Botswana in the first four months of FY24-25. However, revenue increased by 1.6 per cent YoY, supported by a 5.5 per ...
Local dam to be unaffected by new cement plant
The Zimbabwe National Water Authority (ZIMWA) has needed to dispel concerns over the establishment of a new US$1bn cement plant in Magunje, Zimbabwe would pollute the nearby Ke...