South Africa: Pretoria Portland Cement sales up 4%

February 15, 2017

South Africa-based Pretoria Portland Cement reported sales up 4% year-on-year. in the nine months to 31 December 2016.

Pretoria Portland Cement’s operations in Botswana, Rwanda, and Zimbabwe recorded a 9% sales volume increase.

The 9% sales growth in Zimbabwe follows a $82 million plant installation in the country’s capital, Harare.

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South Africa: PPC report increased earnings

PPC, the South African cement giant, says its EBITDA (Earnings Before Interest, Tax, Depreciation & Amortisation) rose by 5%-10% in the four months to July 2019. The rise was posted despite the company’s cement sales falling 10-15% in Southern Africa. PPC note that average cement prices in the Southern Africa region, including Botswana, rose 7%-8% during the analysed period.

A company operational update statement said that domestic cement demand remains constrained due to a “subdued demand environment”.

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