PPC not to raise capital and focus on growth
South Africa-based PPC has successfully refinanced its debt and is close to finalising its restructuring. Therefore, the company will not require a capital raise, said its CEO,...
Zimbabwe
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Lafarge Cement Zimbabwe's CEO steps down
Lafarge Cement Zimbabwe Ltd has announced the resignation of its CEO, Precious Murena, with effect from 9 September. Precious Murena joined the company in 2011 and became CEO i...
Cement prices rise in Zimbabwe
Zimbabwe's construction sector appears to be on course for a revival, driven by public spending on infrastructure and private development. However, a recent increase in cement ...
Financial restructuring positions PCC for long-term recovery
Competent management is transforming PPC's prospects for the better. Under CEO Roland van Wijnen, the company has deconsolidated the company's Democratic Republic of Congo (...
PPC reports 3% increase in revenue
South Africa’s PPC has reported a three per cent YoY increase in group revenue for the year ended 31 March 2021, rising to ZAR8938m (US$626.07m) from ZAR8671m, due to a recover...
Zimbabwean import ban raises supply concerns
Zimbabwean retailers are concerned over the capacity of local cement companies to satisfy demand after a cement import ban has been implemented. However, the government is...
Lafarge Cement Zimbabwe diversifies product range
Lafarge Cement Zimbabwe (LafargeHolcim group) has completed crucial test runs on a multi-million-dollar dry mortar plant as it aims to turn into a multi-product operation. L...
Lafarge Zimbabwe records improvement in 3Q20
Lafarge Cement Zimbabwe has stated that the gradual easing of COVID-19 lockdown restrictions and a general improvement in the business environment has supported a rebound for t...
Lafarge Cement Zimbabwe to open dry mortar mix plant in 2H20
Lafarge Cement Zimbabwe is set to complete the installation of a US$2.2m dry mortar mix (DMX) plant during the second half of this year. The project is part of LafargeHol...
Livetouch Cement breached local labour laws in Zimbabwe
Zimbabwian-based Livetouch Cement was found in breach of local labour laws after failing to register its workers with the National Social Security Authority (NSSA). It was only...