by Rowan Goeller | Mar 24, 2023 | Construction and Basic Materials
Key message: Cement imports were down 31% in CY22, although port disruptions and a weak currency likely are having an impact. Import protection from government now appears unlikely. July to December 2022 saw imports of 348kt, down 25% from the same period in 2021....
by Rowan Goeller | Mar 17, 2023 | Construction and Basic Materials
Key message: Despite a weak SA cement market, dividends from Zimbabwe and Rwanda allow PPC to look at resuming distributions to shareholders. PPC hosted a Capital Markets Day and provided an operational update for the 12 months to March 2023. Cement South Africa and...
by Rowan Goeller | Mar 1, 2023 | Construction and Basic Materials
Key message: The Australian exit is complete, and activity levels in South Africa are picking up. Back to business as usual for WBHO. WBHO released 1H FY23 results. Overall revenue and operating profit increased by 15% and 10% respectively with the operating margin...
by Rowan Goeller | Jan 29, 2023 | Construction and Basic Materials
Key message: Afrimat has another side to it – incredibly strong community and government relationships. This may actually be their greatest asset. Afrimat hosted a site visit to the Nkomati Anthracite Mine in Mpumalanga. The mine has two open pits and an underground...
