Sino Energy International eyes Mozambican cement plant
China-based Sino Energy International Holdings Group Ltd has signed a non-binding Memorandum of Understanding (MoU) with Sino-Harbor Construction Group (Hong Kong) Ltd for the ...
Southern Africa
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PPC settles cement cartel case
PPC has reached a settlement agreement with South Africa’s Competition Tribunal on the cement cartel case, bringing the 12-year matter to a close, reports Business Weekly. Th...
PPC sees group revenue decline 2% YoY
South Africa-based PPC has seen its group revenue decline two per cent YoY to ZAR10.241bn (US$618.23m) in the year ending 31 March 2020, compared with ZAR10.494bn in the previo...
Eswatini faces cement shortage
Significant players in Eswatini’s construction industry have seen projects stall due to a cement shortage, according to The Swazi Observer. Nhlanhla Dlamini, CEO of the Constru...
Namibia’s cement sales affected by COVID-19
The lack of economic activity due to the coronavirus pandemic has affected cement sales by Ohorongo Cement, said Frankleen Alberts, the company’s customer relations and public ...
PPC considers restructuring and refinancing options
Following reports that South Africa’s PPC was looking to raise ZAR1.25bn (US$71.51m) from a rights issue, the company has stated that it is currently in talks with lenders befo...
South African cement sector is operating in survival mode
Bheki Mthembu, head of the inland business unit of PPC, says the lack of large-scale construction projects in South Africa has left cement producers heavily dependent on re...
Competition Commission to hold public consultation on Ohorongo Cement sale
The Namibia Competition Commission has advised that members of the public can contribute their views on the proposed sale of Ohorongo to West China Cement. Members of the publ...
AfriSam now permitted to supply certain customers
As South Africa has lowered its national coronavirus lockdown to Level 4, the supply of cement and other construction materials can now reach specific markets, according to Eng...