Africa’s largest cement maker reports ongoing volume pressure

PPC, Africa’s largest cement maker, has reported ongoing volume pressure in South Africa.

1. Despite the challenges, PPC managed to boost its operating profit through a 10% price increase.
2. Group revenue for PPC’s SA and Botswana operations increased by 5% in the five months leading up to August.
3. While cement sales volumes decreased by 6%, core profit still saw a 5% increase.
4. The inland region of South Africa experienced a decline in cement volumes, while heavy rainfall and weak retail demand affected the coastal region.
5. PPC’s operations outside of South Africa performed better, with a 3% increase in volumes at the group level, driven by strong growth in Zimbabwe and Rwanda.
6. PPC remains focused on improving profitability and cash generation in South Africa, while maintaining market positions in Zimbabwe and Rwanda.