PPC eyes Africa expansion

PPC, which also makes lime and aggregates, said yesterday diluted headline earnings per share totalled 149 thebe in the year to September compared with 197 thebe a year earlier. Sales were flat at P6.2 billion ($854.4 million), highlighting slack demand.

South African cement sales are up 2.1% for first nine months of the year, Cement & Concrete Institute's data shows, as the industry struggles to recover after a building boom in the run up to the 2010 soccer World Cup.