Cement-maker PPC said lower levels of capital expenditure has helped offset lower earnings during the 11 months to end-February, with its Southern African business starting to show signs of stabilisation even as it continues to face price pressures from increasing exports.

The SA coastal business is experiencing a downturn in volumes affected by imports, while inland volumes are showing signs of improvement, the group said in a trading update. It has experienced average price increases of 8%-10% across the region...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now