Zimbabwe and Rwanda lift PPC as home improvement boom wanes
Cement sales growth in SA more subdued in year to end-March, but still above pre-Covid levels
23 March 2022 - 07:52
SA’s largest cementmaker, PPC, says robust demand in Rwanda and Zimbabwe helped lift sales in its year to end-March, and it is poised to benefit from the government’s local content rules.
PPC said on Wednesday that in SA it has yet to experience any meaningful uplift in cement sales from the Treasury’s local content designation regarding the use of locally produced cement on government projects. Except for some limited road construction and rehabilitation activity, there have been no large infrastructure projects. ..
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