SIKONATHI MANTSHANTSHA: Can Nhleko cement this?
He has proven himself an agile deal-maker with a solid grounding. This time, however, the going may be harder
Phuthuma Nhleko has in the past proven himself an agile deal-maker with a solid grounding. If he can cement the proposed merger of AfriSam — which he chairs — with the larger PPC, he will have laid yet another concrete foundation on which generations of Africans can build. This time, however, the going may be harder. His proposed bride, PPC, has made herself more attractive to other suitors. The board of PPC says it is reviewing two other credible proposals for the company, which has recently commissioned modern cement production facilities in some of the key markets in Africa: Zimbabwe, the DRC, Rwanda and Ethiopia. These new plants are PPC’s main attraction. In the past, Nhleko’s financial engineering skill and solid tactical manoeuvring ability made him succeed in the face of significant obstacles, and he has already demonstrated some of that strategic nous in bringing Fairfax Africa Investments to join in the bid for the combination of SA’s largest cement producers.Listed on the...
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