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WATCH: Africa cements its role in PPC
Robust performance in PPC’s operations in Rwanda and Zimbabwe helped the company increase half-year earnings by 36%. It also reported a fivefold surge in after-tax profit due to lower finance costs.
Looking ahead, PPC is in the process of commissioning a new factory in the Democratic Republic of Congo as it looks to counter slowing demand in its home market.
PPC interim CEO Johannes Claassen talks to Business Day TV about the cement producer’s interim results, and the possibility of a deal with LafargeHolcomin or CRH.