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), s...
Southern Africa
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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 Cement , pa...
InterCement sells African businesses to Huaxin Cement
InterCement Participações S.A . has reached an agreement with Huaxin Cement Co Ltd regarding the sale of InterCement’s businesses in Mozambique and South Africa. Following the a...
Afrimat acquires Lafarge South Africa Holdings
Lafarge South Africa Holdings (LSA) is being acquired by South Africa-based mining and materials company, Afrimat, The deal includes all the subsidiaries of the LSA Group, which...
PPC seeking buyers for CIMERWA stake
South Africa-based PPC is looking to sell its shareholding in Rwandan cement producer CIMERWA . “PPC is selling its 51 per cent stake in CIMERWA and the government will discuss ...
PPC expects drop in South Africa and Botswana sales volumes
South Africa-based PPC forecasts a 4-7 per cent drop in sales volumes in its domestic market and Botswana for the 12 months ending 31 March 2023, according to Reuters. To protec...
PPC posts 23% drop in EBITDA
PPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six mont...
Huaxin increases Chilanga stake
Huaxin Ltd has increased its shareholding in Zambia-based Chilanga Cement from 75 to 81.19 per cent following the purchase of 50,013,468 shares, according to the Times of Zambia...
PPC calls for SA government action on cement dumping
PPC has urged South Africa’s government to investigate “cement dumping” by countries such as Vietnam. It believes that the survival of the local cement industry may be under thr...
PPC reports 11% increase in revenue in FY22
PPC has reported group revenue for the 12 months ended 31 March 2022 of ZAR9882m (US$621.9m), an increase of 11 per cent YoY. Excluding Zimbabwe, group revenue was up five per c...