Schwenk Zement International still pondering Nambian market exit
Schwenk Zement International GmbH & Co KG, is still desperate to exit Namibia barely 10 years after investing in a state-of-the-art factory, according to local press reports. Sc...
South Africa
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Afrimat CEO criticises slow pace of Lafarge merger approvals
Afrimat CEO, Andries van Heerden, has criticised the delays in the approval of his company’s acquisition of Lafarge South Africa in a letter to shareholders. The Competition Tri...
PPC proclaims success in turnaround strategy
South African cement manufacturer PPC Ltd says that its ‘Awaken the Giant’ turnaround strategy has resulted in a step change in its p rofitability and cash generation, achieving...
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 in S...
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. Earnings p...
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 clean elect...
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-consec...
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 Wes...
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 constructio...
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$158.2...