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A decade of troubles dog the future prospects of PPC, one of SA's oldest companies

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Over its 128-year lifespan, PPC has been through several monumental changes in the history of the South African economy: everything from the Witwatersrand gold rush, a Great Depression and a couple of economic crises of almost equal proportion. 

Over the past ten years, a period shaped by a flood of cheap imports from the East, a rise in competition from an Aliko Dangote-owned rival and a domestic economy in its longest slump since the end of WW2, it probably thought it had seen it most difficult test. That was until it was faced with the Covid-19 pandemic and a rising debt problem.

Its most recent glory days seem but a distant memory for the cement maker, which, along with other one-time construction giants such as Murray & Roberts, benefited from South Africa's preparations for the 2010 Fifa World Cup. The years after have been desperate, evident in a share slump of over 98% over the past ten years alone. 

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ZAR/USD
16.26
(-0.84)
ZAR/GBP
21.08
(-0.54)
ZAR/EUR
19.29
(-0.74)
ZAR/AUD
11.88
(-0.56)
ZAR/JPY
0.16
(-1.02)
Gold
1952.90
(+0.34)
Silver
26.91
(-0.38)
Platinum
933.00
(+0.05)
Brent Crude
43.78
(+2.41)
Palladium
2340.50
(+0.71)
All Share
54741.07
(-0.54)
Top 40
50461.33
(-0.47)
Financial 15
9852.59
(-2.03)
Industrial 25
72620.82
(-0.99)
Resource 10
55549.42
(+0.78)
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