PPC bolstered by buoyancy in Rwanda amid muted SA cement market
Without a significant increase in infrastructure spending, SA demand is expected to remain subdued
21 November 2022 - 18:46
UPDATED 23 November 2022 - 12:17
SA’s largest cement maker, PPC, says that without a significant rise in infrastructure spending and tangible action against imports, SA’s cement demand is expected to remain subdued.
The Johannesburg-based construction and materials group reported cement sales volumes in SA and Botswana were down 2.6% in the half-year to September. Conversely, cement sales volumes increased by 11% for Cimerwa in Rwanda. ..
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