PPC’s shares have had a cracker of a month, gaining 158% — with a jump of 16% alone on the day of its results announcement this week. That’s not to say the former blue-chip cement producer is anywhere close to its former highs — PPC shares last traded north of R10 five years ago, and are down 87% since then. The company’s market capitalisation of R1.9bn is also dwarfed by its debt of R5.2bn. An unpopular rights issue may still be on the cards, and PPC desperately needs government support against cheap imports. The FM spoke to CEO Roland van Wijnen.
You mentioned that dumping continues in SA. Why are imports so damaging?..
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