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R2.1bn top-up deal takes PPC SA BEE shareholding to 30%

By: Schalk Burger     15th March 2018 Cement producer PPC on Thursday announced details of its R2.1-billion top-up black economic empowerment (BEE) scheme that, together with the BEE shareholding from two previous transactions, will result in an effective 30% BEE shareholding at the PPC South Africa level. The PPC Phakama... 

Energy-intensive firms say carbon tax wrong tool for reducing power emissions

By: Terence Creamer     14th March 2018 The Industry Task Team on Climate Change (ITTCC), which includes many of South Africa’s largest mining and industrial companies, says the proposed carbon tax will have no material impact on reducing carbon emissions from the electricity sector, which is responsible for around half of the... 

Jabu Moleketi succeeds Nelson as PPC chairperson

By: Nadine James     2nd March 2018 Peter Nelson has resigned as chairperson and nonexecutive director of cement manufacturer PPC, effective March 2. Former Deputy Finance Minister Jabu Moleketi has been appointed to succeed Nelson as chairperson. 

Jabu Moleketi nominated as PPC chairperson

By: Reuters     22nd February 2018 South African cement producer PPC said Jabu Moleketi has been nominated for the position of chairman of the board to succeed its current chairman Peter Nelson, as it aims to align the board with its strategic priorities. Moleketi is currently chairman of mobile phone network operator Vodacom... 

PPC to pay particular attention to its financial position in 2018

By: Simone Liedtke     15th February 2018 While Johan Claassen, who was, on Wednesday, appointed permanent CEO of PPC, does not foresee any major changes for the company this year, he notes that particular attention will be paid to the company's financial position this year. This, he explained to Engineering News Online, falls in line... 

PPC appoints Claassen as CEO

By: Simone Liedtke     14th February 2018 Cement producer PPC has appointed Johan Claassen as CEO and executive director of the company. Claassen has served as interim CEO for a number of months, with PPC chairperson Peter Nelson noting that he has overseen a number of important milestones, including the successful stabilisation of the... 

Greece's Mytilineos offers to upgrade Public Power coal plant – source

By: Reuters     12th February 2018 Greek industrial group Mytilineos has offered to pay for the revamp of a major coal-fired plant owned by State-controlled Public Power Corp (PPC) to keep it operational after 2019, a source at Mytilineos said on Friday. Mytilineos submitted a proposal to PPC suggesting that it, possibly with... 

PPC supported by Africa growth, while local sales dwindle

By: Megan van Wyngaardt     2nd February 2018 Construction materials supplier PPC's revenue for the nine months ended December 31, 2017, improved on that of the prior comparable period, with interim CEO Johan Claassen noting on Friday that the company continued to make good progress in terms of its deliverables. However, PPC noted that the... 

PPC Imaginarium Awards takes over prestigious Des Baker Award

By: Megan van Wyngaardt     2nd February 2018 Architecture schools in South Africa have been invited to send in submissions for the first PPC Imaginarium Awards for Architecture, being held on May 3, at 012Central, Pretoria. Following the same format of the esteemed Des Baker Award for outstanding architectural design by students, which has... 

PPC reschedules DRC cement plant debt

By: Megan van Wyngaardt     19th January 2018 Construction materials provider PPC has further improved its liquidity position by finalising a capital repayment moratorium with funders of the group’s Democratic Republic of Congo (DRC) operation, limiting PPC’s capital requirements to only interest payments from January this year to January... 

PPC ends merger talks with LafargeHolcim; proposes top-up BEE transaction

By: Schalk Burger     14th December 2017 Cement producer PPC’s shares fell by nearly 20% in early morning trade on the JSE on Thursday, after announcing that it has ended merger talks with LafargeHolcim and that it is considering a new black economic empowerment (BEE) transaction. The independent board set up by PPC to evaluate bids... 

Fairfax exits PPC partial acquisition bid

By: Natasha Odendaal     11th December 2017 Fairfax Africa Investments has withdrawn its intention to acquire R2-billion worth of shares in cement producer PPC. In an update to shareholders on Monday, JSE-listed PPC said it had received formal notification on Friday that Fairfax would no longer pursue the partial offer. 

African operations shine as PPC delivers higher H1 earnings

By: Natasha Odendaal     23rd November 2017 Cement producer PPC produced double-digit earnings for the first half of the 2018 financial year, with the JSE-listed group’s rest of Africa cement operations delivering a shining performance. For the six months ended September 30, net profit attributable to PPC shareholders increased by 188% to... 

PPC advises shareholders not to accept Fairfax offer

By: Megan van Wyngaardt     22nd November 2017 JSE-listed PPC’s board on Wednesday advised shareholders not to accept the R2-billion partial offer from a Fairfax subsidiary. The partial offer is conditional on shareholder approval, which will give effect to a merger between PPC and Afrisam Group. 

Third possible suitor shows an interest in acquiring PPC

By: Megan van Wyngaardt     13th November 2017 In addition to the buyout offer cement producer PPC has received from Fairfax Africa Investments and AfriSam, as well as the nonbinding expression of interest from LafargeHolcim, the company has now also sparked the interest of a third possible buyer, CRH. CRH has indicated that it is considering... 

PPC expects earnings to rise as Africa business grows

By: Megan van Wyngaardt     7th November 2017 JSE-listed construction materials company PPC, which is currently the takeover target of LafargeHolcim and AfriSam, on Tuesday reported that it expects an uptick in its earnings before interest, taxes, depreciation and amortisation (Ebitda) of between 3% and 6% for the half-year ending September... 

LafargeHolcim proposes African asset combination with PPC

By: Anine Kilian     27th October 2017 JSE-listed PPC’s share price rose nearly 5% early on Friday after it announced that it had received a credible expression of interest from LafargeHolcim to combine some of their African assets. The proposal also included a partial cash offer to PPC and a special dividend to PPC shareholders.   

PPC, NUM make headway on wage impasse

By: Creamer Media Reporter      19th October 2017 Cement producer PPC and trade union National Union of Mineworkers (NUM) have reached an agreement on wage negotiations at the company’s Slurry plant, in the North West. This followed a protected strike by the union on Monday after the parties were unable to reach an agreement through a Commission... 

NUM members down tools at PPC Cement over wages

By: African News Agency      17th October 2017 The National Union of Mineworkers (NUM) said that its members at South Africa’s leading supplier of cement and related products, PPC Cement Slurry in Mafikeng, North West, have embarked on a strike over wages. This comes after the NUM gave PPC Cement a notice to strike on Sunday last week and... 

Dangote withdraws PPC offer

By: Natasha Odendaal     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

By: Anine Kilian     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... 

JSE censures prominent businessman Bheki Sibiya

By: African News Agency      1st September 2017 The Johannesburg Stock Exchange (JSE) on Friday censured prominent businessman Bhekokuhle Sibiya in his capacity as a lead independent director of technology firm, Alviva Holdings, after he was found in breach of the JSE Listing Requirements.  The JSE said Sibiya sold a total of 38 925 Alviva... 

AfriSam terminates PPC merger terms, eyes new proposal

By: Natasha Odendaal     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... 

AfriSam sees merger as key to surviving cement glut

By: David Oliveira     25th August 2017 Cement manufacturer AfriSam sales and marketing executive Richard Tomes has stressed the need for the cement manufacturing industry to consolidate. On a site visit with members of the media to its Ulco plant, in the Northern Cape, earlier this month, he said the situation in the industry was... 

PPC Q1 trading in line with expectations

By: Creamer Media Reporter      17th August 2017 Cement maker PPC on Thursday said its first-quarter revenue had tracked ahead of the comparative period in the prior year, while group earnings before interest, taxes, depreciation and amortisation (Ebitda) were in line with that of the first quarter of the previous year. However, while the South... 

Parsons Peebles Extends MV/HV Motor Offering with New Standard Product Range

     4th August 2017 Electromechanical technology and services provider, Parsons Peebles, are pleased to announce the launch of their new medium and high voltage standard motors extending their current portfolio of engineered and drop-in replacement solutions.   The main product types that will feature in the Parsons... 

AfriSam stresses the need for industry consolidation

By: David Oliveira     1st August 2017 Cement manufacturer AfriSam sales and marketing executive Richard Tomes has stressed the need for the cement manufacturing industry to consolidate. On a site visit with members of the media to its Ulco plant, in the Northern Cape, on Tuesday, he said the situation in the industry was “pretty... 

SACAP staff lend a helping hand to Kgothalang Primary School

     31st July 2017 As part of its Corporate Social Investment, the South African Council for the Architectural Profession in partnership with the Khora Group participated in the Nelson Mandela International Day on the 18th of July 2017 by cleaning and painting Kgothalang Primary School in Wattville, Benoni. The... 

Castle exits PPC after nearly three years

By: Natasha Odendaal     24th July 2017 After two and a half years at the helm, Darryll Castle is stepping down as JSE-listed PPC CEO and director to pursue other interests, with immediate effect. “The company and the CEO have agreed to part ways,” said PPC chairperson Peter Nelson in a statement to shareholders, released on Monday. 

PPC Imaginarium Awards 2017 winners announced

By: David Oliveira     16th June 2017 South African art and design competition PPC Imaginarium  Awards announced its overall winner, category winners and runners-up at a gala event hosted last month at the University of Johannesburg’s Art Gallery in Auckland Park. The winners were selected from the 55 finalists who submitted their... 

PPC points to projects progress as profits plummet

By: Megan van Wyngaardt     7th June 2017 South African cement producer PPC on Wednesday reported a 13% decrease in its earnings before interest, taxes, depreciation and amortisation (Ebitda), to R2.1-billion, paired with a 93% plummet in its headline earnings a share, to 7c apiece for the year ended March 31. The JSE-listed company... 

PPC expects lower FY earnings

By: Natasha Odendaal     2nd June 2017 JSE-listed PPC expects to report lower earnings for the financial year ended March 31, when compared with the pro forma financial results for the 12 months ended March 31, 2016. The cementmaker, which changed its financial year from September to March and adjusted its reporting to align with... 

NCPC-SA to emphasise efficiency at Naacam show

By: Marleny Arnoldi     24th March 2017 The National Cleaner Production Centre of South Africa (NCPC-SA) will share its knowledge regarding resource efficiency and cleaner production methods to assist industry in lowering costs through reduced energy, water and material use during this year’s National Association of Automotive... 

Dawn welcomes new CEO

By: Megan van Wyngaardt     17th March 2017 JSE-listed Distribution and Warehousing Network (Dawn) has appointed Edwin Hewitt CEO, effective April 1, to succeed Stephen Connelly, who is taking up the position of executive deputy chairperson. Hewitt was appointed chief restructuring officer at Dawn in February, working with a major bank,... 

PPC Zimbabwe’s Harare mill officially opened

By: Natasha Odendaal     16th March 2017 PPC Zimbabwe on Thursday officially opened its $82-million Harare cement milling and dispatch facility, bringing its collective production capacity to 1.4-million tons a year. The project, forming part of PPC’s African expansion strategy, was completed on time and under budget, and boasted a... 

Rain dampens PPC cement sales for January and February

By: African News Agency      13th March 2017 Cement producer PPC said on Monday that adverse weather had negatively affected cement and concrete sales in South Africa during January and February 2017. PPC was providing an operational update which reflected that rainfall in excess of 200 mm was experienced in many parts of the country during... 

Outgoing Barloworld CEO on surviving tough times and the group’s prospects 

By: David Oliveira     10th March 2017 JSE-listed Barloworld announced the appointment of new CEO Dominic Sewela, who replaced the outgoing Clive Thomson last month. Thomson was appointed in December 2006 and managed the South African industrial giant during some of the most challenging economic periods in recent history. 

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