Search results for 'cement'
Zimbabwe
Lafarge cement sales volumes tumble by 23%

The other factor that led to the low volume of sales and revenue also has to do with the roof collapse the company experienced which suppressed the availability of cement.

Nov 18, 2022
Zimbabwe
PPC Releases Trading Update, Projects Drop in Earnings

Trading conditions remained difficult in South Africa, PPC’s largest market, with cement volumes down 5.8% although selling prices rose 8%. The smaller materials business suffered an EBITDA loss of R6

Jun 16, 2023
Companies
Khayah Cement Braces ZWL17 Billion in Net Loss

Khaya Cement, formerly Lafarge Cement Zimbabwe, has incurred a significant after-tax loss of ZWL17 billion for the full year ended 31 December 2022.  The reduced profitability was attributed to depre

Jun 30, 2023
South Africa
PPC Empowers Employees with Share Ownership

PPC, a leading company in the cement and materials industry, has announced the successful completion of an equity transaction that aims to benefit qualifying employees working for its subsidiaries in

Aug 08, 2023
Zimbabwe
Matias Cardarelli Appointed as PPC CEO: Charting a Course for Growth Amidst Challenging Times

With a deep understanding of the cement industry and a proven leadership skillset, Mr. Cardarelli is well-positioned to steer PPC towards sustainable profitability. His appointment follows a comprehen

Sep 04, 2023
Zimbabwe
Khayah Cement Limited Faces Challenges Amidst Positive Volume Growth

Khayah Cement formerly Lafarge Cement Zimbabwe Limited, reported a significant increase in cement volumes, with a 117% surge for the six-month period ended 30 June 2023 compared to the same period las

Feb 06, 2024

Top Stories

ZiG Currency Conundrum: Government Cracks Down with Iron Fist to Tackle Black Market

Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG), has experienced appreciation on the formal market on April 18, 2024, maintaining a consistent streak of appreciation. Since its introduct

1 day ago

Building in Troubled Waters: Masimba Predicts Unstable Outlook

The construction industry is facing significant challenges, according to Masimba Holdings Limited, a leading construction company. In its latest financial results for the full year ended December 31,

1 day ago

Innbucks Microbank Electrifies New Products: Nano Loans, Loyalty Programs, and More

Innbucks Microbank, a prominent microfinance institution, has unveiled its ambitious plans to expand its product offerings and drive growth in the second half of the 2024 financial year. With a strong

Apr 16, 2024

Padenga Raises the Bar: Sets Audacious Gold Production Target

Padenga Holdings Limited, a determined gold miner listed on the Victoria Stock Exchange, is setting a new record target amidst intense competition among the top three gold producers in Zimbabwe. After

Apr 16, 2024

Hwange Colliery’s Preemptive Action: Set to Halt Production in Next 6 Months

Hwange Colliery plans to halt underground mine production for 6 months to address coal oversupply and prevent spontaneous combustion Spontaneous combustion poses a significant risk to the company, as

Apr 15, 2024

Corporate Action Summary

General Beltings Holdings Limited announced that it sought and was granted by the Zimbabwe Stock Exchange (ZSE) the authority to delay the publication of its Audited Financial Results for the year end

Apr 15, 2024

Innbucks Microbank Faces Profitability Squeeze: Clocks in at ZWL24 Billion in Profits

Harare- Innbucks Microbank, a microfinance bank formed through the merger of Innbucks and Ndoro Microfinance, has experienced a decline in profitability, with its profit after tax decreasing from ZWL2

Apr 15, 2024

Hwange Coal Mine Achieves Doubling of Coal Output, Plans Temporary Production Halt

Hwange Colliery Company Limited, a coal miner operating under administration, has experienced an impressive nearly twofold increase in its quarterly coal output during the third quarter ended 30 Septe

Apr 10, 2024