Zimbabwe’s currency changes hurt PPC
The cement maker also bemoans surge in cement imports into SA
27 June 2019 - 22:37
The change in functional currency in Zimbabwe affected PPC's performance in Zimbabwe, resulting in reduced revenue and earnings, CEO Johan Claassen.
PPC, SA’s largest cement maker, on Wednesday postponed the release of annual results to allow auditors to consider fair value adjustments of Zimbabwean assets...
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