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The country’s major cement producers have applied to the International Trade Administration Commission seeking protection from imports threatening the industry.
PPC says it has received letters representing "likely more than" 25% of shareholders indicating opposition to a proposed merger with rival AfriSam.
A merger between cement producers AfriSam and PPC would result in hundreds of millions of rands in savings, says AfriSam’s acting CEO, Rob Wessels.
AfriSam Group is set to replace its chief executive officer to help pave the way toward a merger with listed rival PPC, according to three people familiar with the matter.
The PIC has a sizeable investment in cement manufacturing company Afrisam, which is weighed down by over-supply in the market.
Glimpsing the BMW head office in Midrand, Gauteng, is probably the most exciting part of the drive between Johannesburg and Pretoria.
Cement maker PPC has received a merger proposal from unlisted rival Afrisam Group and PPC says it's considering it.
South African CEOs share views on their new-found optimism on the back of Cyril Ramaphosa's presidency.
AfriSam is in negotiations with an equity partner to recapitalise the company and enable the cement maker to push through a merger with larger rival PPC.
AfriSam chief executive officer Stephan Olivier is stepping down when his contract ends as the company revived talks to merge with PPC.
The cement companies PPC and AfriSam are engaging in merger talks, which they believe will be to the advantage of the shareholders of both firms.
Economists working for an unnamed litigant are trying to quantify the damage caused by South Africa’s cement cartel so they can sue producers Pretoria Portland Cement, Lafarge, AfriSam and Natal Portland Cement.
SA's biggest cement maker PPC has ended merger talks with unlisted rival Afrisam, the firm says, sending its shares nearly 5% higher.
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