Cement News tagged under: South Africa
PPC FY23-24 results bolstered by strong Zimbabwe performance25 June 2024, Published under Cement NewsPPC has reported revenue of ZAR10,058m (US$551.8m) in FY23-24 (ended 31 March 2024), marking a 20.6 per cent increase from ZAR8339m in the same period a year earlier. According to the company, this was primarily driven by the strong performance in its Zimbabwean operations. EBITDA over the same time frame improved 38.6 per cent from ZAR896m to ZAR1242n, with the EBITDA margin up 1.6 percentage points to 12.3 per cent in FY23-24. In the South Africa and Botswana business, cement revenue... |
Afrimat Construction Index reports 1.3% YoY decline14 June 2024, Published under Cement NewsAfrimat has released the findings of its Afrimat Construction Index (ACI) for the 1Q24 in South Africa. According to Dr Roelof Botha, the weak economic growth during the first quarter of the year was evident in the construction sector, with eight of the 10 constituent indicators of the ACI recording YoY declines and the ACI growth rate slipping to just below zero. The index recorded a level of 103.7 in the first quarter, compared to 117.3 in the previous quarter, and 105 in the 1Q23. He ... |
Afrimat boosts revenue by 24% in FY23-24 as Lafarge integration continues17 May 2024, Published under Cement NewsAndries Van Heerden, Afrimat's Group CEO, stated that he was exceptionally pleased with the group’s performance for the year ended 29 February 2024, which was supported by a revenue increase of 23.9 per cent from ZAR4.9bn (US$268.9m) to ZAR6.1bn (US$334.8m). Operating profit increased by 19.8 per cent to total ZAR12bn (2023: ZAR961.6m), delivering an operating profit margin for the group of 18.9 per cent. “The diversified position Afrimat has adopted, together with the efficiency proje... |
AfriSam enhances road durability with Roadstab cement08 May 2024, Published under Cement NewsAfriSam 's Roadstab cement is a specialised, high quality composite cement engineered specifically for road stabilisation tasks. The product is designed to optimise the properties of soils used in road construction, notably by reducing their plasticity and enhancing their strength and stability. The formulation of AfriSam Roadstab Cement aims to address the vital requirements of road construction projects by ensuring the durability and stability of road bases. The unique composition contri... |
Closure of The Board of Cement & Concrete SA24 April 2024, Published under Cement NewsThe Board of Cement & Concrete SA (CCSA) has closed its non-profit organisation and been de-registered from the Companies and Intellectual Property Commission (CIPC) in line with its Memorandum of Incorporation (MOI). Since its initial establishment 86 years ago (in 1938) as the Concrete Association of South Africa, this industry body has transitioned and gone through numerous name changes and closures over the years. For a number of years, the broader construction industry has faced chal... |
Competition Tribunal grants approval for Afrimat's acquisition of Lafarge South Africa11 April 2024, Published under Cement NewsAfrimat has notified its shareholders that the Competition Tribunal has granted approval for the Lafarge South Africa ( Holcim ) acquisition. All other regulatory authority approvals have been granted. In a Stock Exchange News Service announcement, the CEO of Afrimat, Andries van Heerden, indicated that this exciting deal forms part of the Afrimat Group's ongoing diversification strategy. “It will increase Afrimat’s offering in the construction materials space, by expanding the group'... |
South African construction index expands04 April 2024, Published under Cement NewsAfrimat has released the findings of its Afrimat Construction Index (ACI) for the 4Q23. The ACI is a composite index of the level of activity within the South African building and construction sectors and is compiled by economist Dr Roelof Botha on behalf of Afrimat. According to Dr Botha, the lethargy of the economy as a whole during the fourth quarter of last year was evident in the construction sector, with five of the 10 constituent indicators of the ACI recording QoQ negative real gr... |
PPC's success in Zimbabwe is contrasted by surrounding regions29 March 2024, Published under Cement NewsSouth Africa-based cement manufacturer PPC Cement SA (PTY) Ltd has announced that its operations in Zimbabwe are now debt free, with EBITDA improving 13.6 per cent, for the 10-month period ending January 2024). However, in contrast, sales volumes for its South Africa and Botswana operations fell by four per cent when compared to the equivalent period in the previous year. A spokesperson for PPC said, “Sales volumes in the coastal region experienced a sharper decline than in the inland ... |
Complex Ulco quarry relocation paves AfriSam’s cement future19 March 2024, Published under Cement NewsTo guarantee its future, AfriSam has relocated the quarry of its Ulco plant in Northern Cape, South Africa. However, the project proved demanding on several fronts with technical and infrastructural issues requiring innovative design that respected pre-existing site conditions and integrated well with the requirements of nearby communities. By Hannes Meyer and Gavin Venter, AfriSam, South Africa. Located in South Africa’s Northern Cape province, AfriSam’s Ulco plant has a capacity of ... |
Southern African transitions18 March 2024, Published under Cement NewsThe cement markets of southern Africa have been gradually transitioning into more competitive areas with new investments. ICR reviews the young markets of Angola and Zambia as well as the more established market of South Africa. While expansion projects are at a low due to overcapacity, market entrants see an industry in transition as domestic producers adapt to a new landscape (© Dangote Cement) While Angola, South Africa and Zambia all witnessed a post-pandemic economic r... |