by Gerhard Engelbrecht | May 5, 2026 | Construction and Basic Materials
Key message: We value PPC at R10 as a deal price should Heidelberg make an eventual offer. Heidelberg Materials has been reported as considering a bid for PPC. Heidelberg has assets in West Africa and has long been a potential suitor for PPC. There is no offer on the...
by Gerhard Engelbrecht | Apr 21, 2026 | Construction and Basic Materials
Key message: A loss in 2H was driven mostly by the temporary ferrochrome smelter closures. Afrimat released a Trading Statement for FY26. HEPS is expected to increase by 27-37% to 91.8 – 99.1c. Key takeaways from the Results: The update infers a loss in 2H of 2-10c....
by Gerhard Engelbrecht | Mar 23, 2026 | Construction and Basic Materials
Key message: Impressive EBITDA expansion continues with the new RK3 plant due to boost margins even further. PPC hosted an Investor Day and released a Trading Statement for the 10 months to January 2026. The operating performance was better than expected with revenue...
