PPC considers reinstating dividend as it cuts debt
While its Zimbabwean unit enjoyed robust cement demand, SA infrastructure rollout remains sluggish
15 June 2023 - 08:24
UPDATED 18 June 2023 - 16:40
Cement giant PPC is charging ahead with slashing debt and edging closer to resuming dividend payouts, last paid in November 2015.
The R3.8bn JSE-listed industrial group has been battling due to fallout from an ambitious African expansion strategy in which it racked up debt totalling about R5.2bn by end-September 2020...
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