by Rowan Goeller | Jan 21, 2025 | Construction and Basic Materials
Key message: A bold defensive move to build a new 1.5mtpa integrated cement plant in the W Cape to retain control of the region. PPC announced the signing of a MOU with Sinoma for a R3bn 1.5mtpa integrated cement plant in the Western Cape. The plant will be built at...
by Rowan Goeller | Nov 19, 2024 | Construction and Basic Materials
Key message: A major strategic overhaul should boost efficiencies and margins and lower costs. PPC released 1H FY25 results. HEPS increased 10% to 22c on a 4.2% and 1% decline in revenue and EBITDA respectively. A special dividend of 33.5c (65% of the proceeds of the...
by Rowan Goeller | Oct 25, 2024 | Construction and Basic Materials
Key message: A better 2H is expected after a weak 1H. Afrimat will look to consolidate the Lafarge acquisition and should benefit from improved iron ore sales and anthracite performance. Afrimat released 1H FY25 results, with HEPS declining 80% to 53c on a 44.3%...
by Rowan Goeller | Oct 21, 2024 | Construction and Basic Materials
Key message: With Bankenveld adding to the development pipeline, Calgro has secured many years of steady organic growth. Calgro released 1H FY25 results. HEPS increased 29% to 101.14c on a 26% decline in revenue (construction activities were slowed down in 1H as a...