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AfriSam News

Dangote withdraws PPC offer

6th October 2017 Nigerian cement maker Dangote Cement has withdrawn its nonbinding expression of interest for the acquisition of South African cement producer PPC. In September, Dangote proposed a combination of the two companies. 

Comair dealing with poor economic situation in SA

7th September 2017 The weak South African economy is affecting the local airline sector. Keith Campbell reports on how one local airline group, Comair, is meeting the challenge. 

PPC receives two other indicative merger proposals as AfriSam submits revised offer

4th September 2017 AfriSam has submitted a revised merger proposal to PPC, while a regional unit of Fairfax Africa Investments has offered to buy R2-billion of PPC shares, subject to PPC shareholders agreeing to the merger with AfriSam.   PPC on August 25 announced that merger negotiations between itself and... 

AfriSam terminates PPC merger terms, eyes new proposal

25th August 2017 Merger negotiations between cement producers AfriSam and PPC have been terminated after AfriSam on Wednesday retracted the heads of terms (HoT) that were entered into in February. JSE-listed PPC on Friday said AfriSam planned to rather submit an undisclosed new proposal regarding a possible... 
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Appointment of new Eskom CEO a priority - Minister Brown

Public Enterprises minister Lynne Brown said on Friday that the process of appointing a new permanent group chief executive for power utility Eskom was "a priority" and that the finalization of the investigation into suspended executives was of "paramount importance". This comes as news... 

Nersa grants Eskom's tariff hike, but not 20%

South Africa's National Energy Regulator (Nersa) has declined Eskom request for a 20% hike, instead granting Eskom a 5.2% hike. The regulator is due to publish a document outlining the decision in the next couple of days, Nersa chair Jacob Modise said. The 5.23% tariff increase, announced by... 
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