AfriSam Group (Pty) Ltd (AfriSam) is pleased to announce that it submitted a revised merger proposal to PPC Limited (PPC) and that Fairfax Africa Investments Proprietary Limited (Fairfax) has made a Partial Offer to acquire ordinary shares in PPC representing a value of R2 billion held by PPC shareholders.
Cape Town Mayor Councillor Patricia de Lille says that partnerships are vital to achieving progress and believes that together, we can do great things and take the African continent to new heights by building on our past to create our own futures dynamic and vibrant African cities.
With South Africa and Nigeria being Africa’s two biggest economies, the recent credit rating downgrades by global ratings agencies, will negatively affect both nations and hit Africa’s overall economic growth.
Both basic and headline earnings per share increased - by 24% to 2,05 cents and 6,8% to 2,15 cents, respectively - despite a drop in revenue to R666,3 million from R772,5 million this time last year.
ELB Engineering Services Africa wins a contract to upgrade the loading plant at PPC’s Colleen Bawn clinker-making facility between Bulawayo and Beitbridge in Zimbabwe.
WBHO says the group's building divisions continue to offset lower activity levels in mining and other civil engineering sectors.
Inyatsi Construction Group Holdings (Pty) Ltd today announced its succession planning strategy and plans to target bigger markets and increase turnover from the current R1.5 billion to more than double in the next two to three years.