HARARE, November 23 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) has turned down Fairfax Africa Investments’ partial offer, saying was not ‘fair and reasonable.’ PPC had appointed Investec Bank to provide an opinion in respect of the partial offer, which concluded that… Read More
HARARE,November 14 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says it has received a non-binding expression of interest from building materials manufacturer CRH, to acquire a controlling stake in PPC.
HARARE, October 30 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says it has received an offer from a global building materials and solutions company, LarfargeHolcim, challenging an earlier offer from Fairfax.
BULAWAYO, September 26 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation rose 25 percent in the period between January to August on increased production at its new Harare mill.
HARARE, September 14 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) on Thursday said it had received an offer from Nigeria’s Dangote Cement to acquire the company’s entire share capital.
BULAWAYO, November 1 (The Source) — Regional cement maker Pretoria Portland Cement (PPC) says it expects half year earnings to fall by up to 90 percent compared to the prior period due to high financing costs associated with a $150 million facility to buy own… Read More
BULAWAYO, August 2 (The Source) — Regional cement producer Pretoria Portland Cement (PPC) says it “is fundamentally strong and profitable with a solid operating base” and is on track to complete its projects in Zimbabwe, DRC and Ethiopia. Chief executive Darryll Castle told shareholders at… Read More
HARARE, June 14 (The Source) – Regional cement producer Pretoria Portland Cement (PPC) says volumes, including exports, at its Zimbabwean unit have gone down 22 percent in the first half of the year due to liquidity challenges, increased local competition and lower disposable income. In… Read More
HARARE, June 1 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says it anticipates half year earnings to come in between 30 and 40 percent higher than last year, following the disposal of certain non-core assets which realised profit before tax of R100… Read More
HARARE, May 31 (The Source) – The local unit of South African cement maker Pretoria Portland Cement (PPC) is planning to raise up to R4 billion ($253 million) to pay off debts and to fund current investment projects. PPC is constructing a $75 million plant… Read More
BULAWAYO, February 22 (The Source) — Regional cement producer PPC has appointed Kelibone Masiyane as managing director for its Zimbabwean unit, replacing Njombo Lekula who was redeployed within the group. “Following the recent re-deployment of former managing director of PPC Zimbabwe Njombo Lekula as the… Read More
BULAWAYO, April 14 (The Source) – Pretoria Portland Cement Zimbabwe says it has recorded a four percent growth in sales in the first quarter of 2015 compared to the prior year, but warned that the current economic slowdown could lead to slower growth in the… Read More
HARARE, November 18 (The Source) – Pretoria Portland Zimbabwe (PPC) chairman Todd Moyo faces boot from the PPC South Africa board at the company’s general meeting called for December 8. Moyo, who own a 4,9 percent stake in PPC Zimbabwe – together with prominent lawyer… Read More
BULAWAYO, September 19 (The Source) – South Africa’s Pretoria Portland Cements says it has recorded modest volume growth in Zimbabwe over the past year while construction of its $80 million cement plant in Harare has started. In a pre-close operational update for the period October… Read More
BULAWAYO, March 28 (The Source) – Cement manufacturer PPC has doubled production at its Bulawayo plant after acquiring and installing new machinery, an official said on Friday. PPC managing director, Njombo Lukula said production has jumped to more than 1.3 million tonnes from 600,000 tonnes… Read More