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...
Southern Africa
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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...
Whale Rock plans to acquire Schwenk Namibia
Whale Rock Cement (Pty) Ltd , the parent company of Cheetah Cement, has filed a notice to acquire Schwenk Namibia, which holds a majority stake in Ohorongo Cemen t. If successfu...
PPC Zimbabwe to accelerate solar plants construction
Pretoria Portland Cement (PPC) Zimbabwe will accelerate the construction of two solar power plants with a combined capacity of 30MW in Colleen Bawn and Bulawayo to enhance power...
Zimbabwe considers limestone deposit consolidation amid efforts to reduce cement costs
The government of Zimbabwe is exploring the consolidation of limestone deposits under either the Industrial Development Corporation of Zimbabwe (IDCZ) or the Ministry of Mines a...
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 c...
Khayah Cement cites construction boom as an opportunity for growth
Khayah Cement , formerly known as Lafarge Cement Zimbabwe, has forecast that the cement sector is set to grow following a boom in the construction industry, driven by investment...
Botswana to boost production by 20% by September
Cement production in Botswana is expected to increase by 20 per cent in preparation for new import restrictions being introduced by the country’s government from the strat of Oc...
Botswana to restrict cement imports
Botswana’s government plans to introduce new restrictions for the import of cement in 50kg bags and only allow 1000kg bags from 1 October 2024, according to the Minister of Trad...