Three Western Cape pupils have been recognised for their incredible resilience in almost unspeakable circumstances.
Mostly sunny. Mild.
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A robust contribution from Zimbabwe and the rest of its African operations has seen cement producer PPC report a 7% growth in revenue.
Cement manufacturer PPC has implemented measures in the Western Cape to mitigate the impact of the ongoing drought.
PPC says it has received letters representing "likely more than" 25% of shareholders indicating opposition to a proposed merger with rival AfriSam.
PPC has made an “extra effort” to create 70 more temporary local jobs at the SK9 expansion project at its North West Slurry cement plant, following a government investigation into the presence of at least 242 Chinese workers at the factory.
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.
PPC’s decision to invest in a new plant in Zimbabwe is already paying dividends as cement volumes, which had been trending lower, are now showing improvement.
South Africa’s cement industry would benefit from consolidation because there are too many players for the size of the market, says PPC boss Darryll Castle.
JSE-listed cement and lime producer PPC has opened its $85m milling plant in Harare, which it said shows the company is committed to continue operating in Zimbabwe.
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Cement supplier PPC expects difficult trading conditions in SA to persist, requiring real cement price increases to recover operational cost increases.
PPC is weighing expansion into new markets as it seeks to draw a line under a tumultuous two years that included an emergency rights issue and takeover interest from competitors.
Weakness in its SA and Nigerian cement markets is expected to drag down Dangote Cement’s overall volumes this year as rivals consolidate and streamline operations, say analysts.
Dangote Cement has written to PPC offering cash and shares as part of a takeover deal that is fuelling a bidding war.
In a trading update, Pretoria Portland Cement says it has made its first payments totalling $32m towards funding commitments in the DRC.
Cement maker PPC says full-year profits have declined by 93%, which was caused by an “unexpected S&P debt downgrade”.
PPC is hoping to get back its investment grade credit rating before year end, now that it has slashed its debt following a R4bn share issue, says PPC CEO Darryll Castle.
PPC has reported a 66% drop in half-year earnings, as finance costs soared following the arrangement of a R2bn liquidity and guarantee facility.
Shares in PPC closed higher after the cement company announced Peter Nelson will fill the post permanently as chairperson.
Western CapeMass Staffing ProjectsR40 000.00 - R55 000.00 Per Month
Western CapeCelsa Properties
Cape Town Northern SuburbsWest Coast PersonnelR20 000.00 - R25 000.00 Per Month
R 1 790 000
R 3 700 000
R 3 900 000
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