by Rowan Goeller | Sep 22, 2025 | Construction and Basic Materials
Key message: A remarkable operational turnaround continues to boost EBITDA margins despite a weak cement market. PPC released a Trading Update for the four months to July 2025. Key takeaways from the update: PPC has continued to improve its margins despite the weak...
by Rowan Goeller | Sep 16, 2025 | Construction and Basic Materials
Key message: The cement assets are now profitable and Afrimat should have a cost advantage with its ultra-extended cement. Afrimat recently hosted a site visit to their integrated cement plant in Lichtenburg, and we update our earnings after this event. Key takeaways...
by Rowan Goeller | Jul 16, 2025 | Construction and Basic Materials, Forestry and Paper
Key message: Investments in capacity should ensure organic growth over the medium-term. Mpact released a Trading Update. HEPS from continuing operations is expected to be down 18-28% to 88-100c. Takeaways from the Trading Update: The update is weaker than expected...
