Investors should not expect PPC’s share price to recover in 2020 or early in 2021 as the cement producer tries to restructure its business because of its struggles in Democratic Republic of Congo (DRC).

The company said last week that it was considering a rights offer but then left investors in the lurch as to the amount of the offer and when it would take place. There are rumours that the company will ask for R1.25bn.  ..

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now