The Public Investment Corporation (PIC) has reduced its shareholding in JSE-listed cement manufacturer PPC Cement from 13.98% to 9.52%.
The State-owned fund manager in June reduced its shareholding from 25% to 19.9% and has continued to reduce its shareholding since then.
The PIC previously announced that its disposal of shares in PPC is part of rebalancing its listed investment portfolio in the ordinary course of business.