PPC reports 21% advance in revenue in 1HFY24
PPC has posted revenue of ZAR6172m (US$335.2m) in the 1HFY24 (ended 30 September 2023), up 20.9 per cent YoY. EBITDA advanced from ZAR728m in the 1HFY23 to ZAR1069m in the sa...
South Africa
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Zimbabwe drives PPC's positive outlook
South Africa’s PPC has said it expects positive earnings for the six months ended 30 September, 2023. According to news service Pindula, the company has forecast a growth rat...
Sephaku Holdings' profit eroded by rising costs
Sephaku Holdings (Sephold) reported revenue of ZAR626.6m (US$33.44m) in the six months ended 30 September 2023, marking a 19.7 per cent YoY improvement. However, net profit a...
Afrimat's acquisition of LSA gets Commission approval
South Africa’s Competition Commission has approved Afrimat’s acquisition of Lafarge SA , subject to a number of conditions. The deal, which is worth nearly ZAR1bn (US$54.59m),...
PPC Zimbabwe managing director steps down
PPC Zimbabwe Ltd has announced the resignation of its managing director, Kelibone Masiyane. Mr Masiyane joined the company in 1994 as a trainee electrical engineer at the Co...
PPC opens new Highveld blending plant
South Africa’s PPC has opened its new Highveld blending plant in Emalahleni in the Mpumalanga province. According to the company, the new facility demonstrates PPC’s ongoing ...
AfriSam invests in construction training programmes
To stay ahead in the industry’s war for talent, AfriSam has over the years placed skills at the forefront of its people development initiatives. With its several training pr...
Zimbabwe boosts PPC sales growth
PPC has recorded a three per cent advance in sales volumes in the five months to August 2023, compared to the same period in 2022, reports The Herald Zimbabwe. According to t...
PPC reports improved results in 5MFY23-24
Revenue for PPC ’s South Africa and Botswana operations (excluding Zimbabwe and Rwanda) increased by five per cent YoY in the first five months of FY23-24 (April-August 2023),...
PPC appoints new CEO
South Africa-based cement producer PPC has appointed Matias Cardarelli as its new CEO. Mr Cardarelli was employed previously as CEO and chairperson of Natal Portland Cemen...