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AfriSam to appoint new CEO to accelerate merger – sources

Johannesburg –  AfriSam Group is set to replace its chief executive officer to help pave the way toward a merger with listed rival PPC, according to three people familiar with the matter. Stephan Olivier’s departure from the South African cement company after almost seven years at the helm could be …

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Mugabe lauds PPC’s new $82m plant

Harare – PPC chairperson, Peter Nelson said the company’s new $82m plant in Harare is a pillar of the company’s foray into Africa, where currency and imports are major worries. In Zimbabwe, foreign investors have been unsettled by the country’s indigenisation policy but on Thursday, President Robert Mugabe said the …

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Zuma on alleged R80m bribe: I don’t know what you’re talking about

Cape Town – President Jacob Zuma denied any knowledge of allegations of the ANC’s reported involvement in the Swifambo tender for the procurement of locomotives by the Passenger Rail Agency of South Africa (Prasa). Zuma was responding to questions in the National Assembly when DA leader Mmusi Maimane asked him …

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$85m PPC Harare cement plant commissioned

President Robert Mugabe today commended PPC for positively contributing to the economic growth of the country and adhering to the country’s laws. Officially commissioning the cement manufacturer’s $85 million state of the art plant in Msasa, Harare, which has an annual capacity of 700 000 tonnes and has created 87 …

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