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.

Published in Construction Industry

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, PPC wishes to announce that the Company and the CEO have agreed to part ways.

Published in Company News
Tuesday, 13 December 2016 12:32

Minorities pick up on human error

Human error at Computershare is responsible for the approval of two resolutions that would have awarded some of PPC's BBBEE shareholders 4.4m shares in PPC at no cost.

Published in Construction Industry
Thursday, 17 November 2016 18:29

PPC interim net profit slides 83% to R58m

PPC reports that its half-year net profit fell by more than two-thirds as a result of higher finance costs and weaker currencies in African countries where it has operations.

Published in Construction Industry
Wednesday, 02 November 2016 01:51

PPC selects Peter Nelson as new chairman

PPC appoints Peter Nelson as chairman, effective immediately, following the retirement of Bheki Sibiya.

Published in Construction Industry

PPC's share price plunges more than 14.5% to R4.87 as it warns shareholders at its annual general meeting that its interim headline earnings a share could fall as much as 85%.

Published in Construction Industry

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.

Construction of PPC's cement plant in Zimbabwe remains on track for completion in 2016, the company's CEO says.

Published in Construction Industry
Tuesday, 02 August 2016 10:23

PPC facing mounting pressure

PPC may be seeking alternative underwriters for its R4bn rights issue as the fees charged by local banks are 'prohibitively expensive'.

Published in Construction Industry
Friday, 15 July 2016 18:35

PPC stuck in a block of debt

Cement producer PPC has had a spectacular fall from grace over the past few years, but the more immediate question is whether the company offers investment opportunities at its current bombed-out levels.

Published in Construction Industry
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