Thursday, 30 June 2016 07:28

PPC makes bridging deal with banks

PPC says it has entered into a standby underwriting agreement over its proposed rights offer of R4bn with a syndicate of banks.

Published in Construction Industry

PPC’s share price plunges as much as 16% to a low of R11.50 after advising shareholders it intends to raise up to R4bn.

Published in Construction Industry

PPC shares crash as much as 22% to their lowest level in more than 10 years‚ dealing a blow to the cement maker’s plans to shore up its balance sheet.

Published in Construction Industry
Tuesday, 24 May 2016 21:54

PPC downgrade warning hits stock

PPC warns of a credit rating downgrade and said it was in the advanced stages of a capital raising exercise for up to R4bn, tanking its shares.

Published in Construction Industry

Thanks to the slowdown in SA's construction sector since the boom leading to the 2010 Soccer World Cup, local companies are looking elsewhere in Africa for opportunities.

Published in Construction Industry

Top-level executives and heads from Africa’s leading infrastructure and construction companies and institutions met to discuss strategies to foster industrialisation at a special event held in Johannesburg.

With the construction sector resembling a sort of rubble, what with all the majors on their knees as the chickens come home to roost and some worth a fraction of the values they boasted before the lid was lifted on collusion, affordable housing firm Calgro M3 is worth a look.

Published in Construction Industry

PPC reports pleasing expansion progress for the quarter October 2015 to December 2015, despite declining cement sales volumes.

PPC says full-year cement sales volumes in SA dwindle due to increased competitor activity‚ particularly in the Gauteng and inland regions.

Published in Construction Industry
Monday, 23 November 2015 23:26

Rwanda plant to fill SA hole for PPC

PPC commissions its 600 000-ton cement plant in Rwanda to offset declining sales in SA as its expansion into African cement markets gather pace.

Published in Construction Industry
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Murray & Roberts

Murray & Roberts is South Africa’s leading engineering and construction services company. It has delivered infrastructure throughout South and Southern Africa for more than 110 years and is today recognised as an international engineering and construction…