PPC’s restructuring plans on track
The group is in talks with its lenders from SA and Democratic Republic of Congo
25 February 2021 - 17:09
Cement maker PPC, which is struggling under the weight of a R5.2bn debt load, said on Thursday that it had made steady progress with its ongoing restructuring and refinancing project.
Like its rivals, PPC has been battling to grow sales at a faster pace for much of the past decade as public and private sector clients cut back on infrastructure spending because of SA’s weak economy, prompting the company to load up on debt to build plants in Democratic Republic of Congo (DRC), Ethiopia and Rwanda...
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