PPC boss steps down

Cement company PPC and its chief financial officer have "mutually agreed to separate", the company announced yesterday.PPC is listed on both the Johannesburg Stock Exchange and the Zimbabwe Stock Exch...

By Staff reporter | Published: 11 October 2019


New CEO for PPC

Zimbabwe Stock Exchange listed cement producer, PPC, has appointed Roland van Wijnen, a former Lafarge Holcim executive as its new CEO. Van Wijnen, originally from Netherlands will be replacing Johan ...

By Staff reporter | Published: 24 September 2019


PPC to dispose Colleen Bawn, Bulawayo houses

LOCAL cement producer, PPC Zimbabwe has said the disposal of houses at its Colleen Bawn and Bulawayo factories will be finalised during the 2020 financial year because government was still processing ...

By Staff reporter | Published: 04 July 2019


PPC Zimbabwe revenue declines by 20%

PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...

By Staff reporter | Published: 02 July 2019


PPC to invest dividends in govt bonds

CEMENT producer PPC Zimbabwe has, in the last five years, spent over US$140 million in plant refurbishments and it aims to invest some of its dividends in government bonds to increase local procuremen...

By Staff reporter | Published: 03 May 2019


PPC volumes up

Pretoria Portland Cement (PPC) says volumes at its local unit grew by a single digit, compared to the same period last year due to operational challenges experienced in the third quarter of the financ...

By Staff reporter | Published: 07 February 2019


PPC hit hard by foreign currency crisis

PPC Zimbabwe Ltd is stuck with R896 million (US$64,2 million) due to its parent company after the local company failed to remit rights issue proceeds and other amounts due to the Johannesburg Stock Ex...

By Staff reporter | Published: 30 November 2018


The construction industry - a key partner in the economic integration

The world recently witnessed the signing of the biggest free trade area by Heads of African Governments in Kigali. Signed in March this year, the African Continental Free Trade Area (AfCFTA) is the la...

By Mokate Ramafoko | Published: 09 July 2018


PPC Zimbabwe demands land back

Original owner of Arlington Estate, Portland Holdings (Private) Limited, now PPC Zimbabwe, has written a letter to the Local Government ministry demanding a reversal of the acquisition of the property...

By Staff reporter | Published: 28 June 2018


PPC banks on Zimbabwe polls

SOUTH African cement producer PPC says Zimbabwe's political landscape has improved with the cement maker eyeing positive growth after the July 30 general elections.This week PPC group chief financial ...

By Staff reporter | Published: 22 June 2018


Zimbabwe spurs PPC's profits

PPC's profit rose due to strong performance in Zimbabwe and Rwanda. Its gross profit rose by 3% year-on-year to US$174m in the financial year that ended on 31 March 2018 from US$169m in the same perio...

By Staff reporter | Published: 18 June 2018


Builders benefit from PPC information session

PROFESSIONALS in the construction industry have benefited from an information session hosted by local cement producer, PPC in Mutare recently.The session also set in motion plans to form a builders' a...

By Staff reporter | Published: 18 May 2018


PPC's general manager dies

PRETORIA Portland Cement (PPC) Colleen Bawn general manager Allan Tshabangu has died after being involved in a car crash near Inyathi in Bubi District Matabeleland North.The accident is said to have o...

By Staff reporter | Published: 09 May 2018


Strong US$ dampens PPC's export prospects

A FIRMER United States dollar has dampened Portland Pretoria Cement Zimbabwe (PPCZ)'s prospects of penetrating potential lucrative regional markets, an official said.PPC Zimbabwe managing director Mr ...

By Staff reporter | Published: 25 March 2018


PPC to leverage on RBZ export incentive

PPC Zimbabwe says it will leverage on an enhanced export incentive which the company has been granted by the Reserve Bank of Zimbabwe to break even and resume exports in the face of high costs of prod...

By Staff reporter | Published: 16 March 2018


PPC to restructure board

Listed cement producer PPC Zimbabwe (whose parent firm is based in South Africa) has announced that it is looking to restructure its board, in a bid to strengthen it. In a notice to shareholders, PPC ...

By Staff reporter | Published: 27 February 2018

ANNOUNCEMENTS | Increase in shares in issue

Details:- Shares before : 34 788 329- Shares added : 7 406 394- New shares in issue : 42 194 723- Effective date : 6 February 2018- Reason : Transfers from JSE to ZSE...

By PPC | Published: 12 February 2018


PPC Zim moans loss of export competitiveness

GIANT cement producer, PPC Zimbabwe, says loss of export competitiveness as a result of high production costs and cash shortages in the economy, is adversely affecting its operations and remains key ...

By Staff reporter | Published: 08 February 2018

ANNOUNCEMENTS | Further Cautionary Statement

PPC shareholders are referred to the detailed cautionary announcement dated 14 December 2017 regarding a proposed new black economic empowerment transaction.As stated in the abovementioned announcemen...

By PPC | Published: 01 February 2018


PPC Zimbabwe, Zimra in $3 million tax wrangle

CEMENT manufacturer, PPC Zimbabwe, has filed an urgent High Court chamber application seeking an interdict order to stop the Zimbabwe Revenue Authority (Zimra) from garnishing its bank accounts over a...

By Staff reporter | Published: 11 December 2017


CRH withdraws PPC bid

Irish cement producer CRH, the world’s third-largest building materials supplier by market value, had decided not to bid for rival PPC the South African company said on Thursday.Last month, CRH made...

By Reuters | Published: 07 December 2017


Lafarge still interested in PPC stake

LafargeHolcim says talks to acquire a stake in cement maker PPC are still ongoing after announcing interest in the cement company in October.In October, PPC Limited received an expression of interest ...

By Staff reporter | Published: 03 December 2017


Time to invest in Zimbabwe is now

The evidence of Zimbabwe's ailing economy is everywhere: Massive unemployment estimated at 85percent; hyper-inflation; shortage of essential food items such as wheat; dependence on imports; cash-strap...

By Tryphosa Ramano | Published: 30 November 2017

ANNOUNCEMENTS | Increase in shares in issue

Details:- Shares before : 34 632 509- Shares added : 155 820- New shares in issue : 34 788 329- Effective date : 14 November 2017- Reason : Transfer from JSE to ZSE...

By PPC | Published: 29 November 2017

ANNOUNCEMENTS | Non-Binding Expression of Interest from LagargeHolcim

Shareholders of PPC ("Shareholders") are referred to announcements published on the Stock Exchange News Service ("SENS") by PPC on 4 September 2017 and 3 October 2017 that PPC had received credible in...

By PPC | Published: 29 November 2017

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