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Zimbabwe returns 418 hectares to PPC after 12-year wait
The Zimbabwean government has returned 418 hectares of land to cement manufacturer PPC Zimbabwe Limited, more than a decade after seizing the property, in a move valued at a nominal R37 million (US$2,...Published: 16 Jun 2025 at 14:24hrs | 201 | by Staff reporter
Garwe under fire for alleged land grab benefiting Mnangagwa ally
Local Government Minister Daniel Garwe is once again embroiled in a controversial land seizure scandal, this time accused of stripping residential stands from nearly 100 former Members of Parliament (...Published: 19 May 2025 at 09:15hrs | 311 | by Staff reporter
Mnangagwa dragged into messy, illegal takeover of Arlington Estate
Barely a month after President Emmerson Mnangagwa handed over 480 hectares of Arlington Estate to PPC Zimbabwe, a storm is brewing over the land's true ownership, with fresh court documents revealing ...Published: 29 Apr 2025 at 12:18hrs | 4021 | by Staff reporter
2 company directors dupe Zimra of R10 million
Two directors of Hilmax, Rugare Murwira and Patrick Musavaya, appeared before Harare Magistrate Marehwanazvo Gofa on Wednesday to face seven counts of fraud, allegedly defrauding the Zimbabwe Revenue ...Published: 07 Feb 2025 at 06:41hrs | 533 | by Staff reporter
PPC Zimbabwe to fast-track solar projects
Pretoria Portland Cement (PPC) Zimbabwe has announced plans to accelerate the construction of two solar power plants with a combined capacity of 30 megawatts (MW) in Colleen Bawn and Bulawayo. The ini...Published: 16 Dec 2024 at 10:33hrs | 214 | by Staff reporter
Cement imports threaten Zimbabwe's economy, warns PPC Zimbabwe
Zimbabwe risks losing approximately US$50 million annually in foreign currency if cement imports continue to flood the market, warns leading cement manufacturer Pretoria Portland Cement (PPC) Zimbabwe...Published: 02 Dec 2024 at 18:57hrs | 1248 | by Staff reporter
PPC Zimbabwe lays off managers
Cement manufacturer PPC Zimbabwe is facing growing discontent among its middle-level management in the southern region following reports that over 20 local managers are set to be laid off as part of a...Published: 27 Nov 2024 at 07:08hrs | 1635 | by Staff reporter
PPC Zimbabwe remits US$11,3m dividend to PPC SA
PPC Zimbabwe remitted R203 million (US$11.3 million) in dividends to its South African parent after a strong performance in the fiscal year ending March 31, 2024. The company's CEO, Matias Ca...Published: 11 Sep 2024 at 08:37hrs | 101 | by Staff reporter
'Zimbabwe cement manufacturers exceeding local demand'
AFTER years of subdued production, local cement manufacturers are now exceeding local demand, Cabinet has revealed.Some 2.6 million tonnes of cement are now being locally produced against a de...Published: 06 Mar 2024 at 04:42hrs | 8 | by Staff reporter
Mnangagwa's ED-UNZA Scholarship Fund raises US$600,000
THE ED-UNZA (University of Zambia) Scholarship raised US$600 000 during a fundraising dinner held at State House two weeks ago.President Emmerson Mnangagwa is the patron of the fund, which was...Published: 22 Dec 2023 at 18:17hrs | 21 | by Staff reporter
Local boy steps down as PPC Zimbabwe MD, foreigner takes over
Pretoria Portland Cement (PPC) Zimbabwe Limited has officially announced the resignation of its Managing Director, Mr. Kelibone Masiyane. His successor, Mr. Albert Sigei, is set to assume the role sta...Published: 16 Oct 2023 at 20:17hrs | 68 | by Staff reporter
PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 2 | by Staff reporter
PPC grim warning for Zimbabwe operations
SOUTH Africa's biggest cement producer PPC, which has operations in Zimbabwe, has warned that its headline loss per share from continuing operations will widen to between 7,75c (Rands) and 8,25c to en...Published: 19 Jun 2023 at 06:44hrs | | by Staff reporter
Power outages hit PPC cement sales
REGIONAL cement maker PPC expects sales volumes at its Zimbabwean unit will drop by 14% in the full year compared to the same period last year due to recurrent power outages and grey imports.P...Published: 17 Mar 2023 at 07:28hrs | 2 | by Staff reporter
PPC mulls sale of Zimbabwe unit
PPC Ltd., South Africa's largest cement maker, is considering selling its Zimbabwe business for about $200 million, according to people with knowledge of the matter. The shares surged.A sale w...Published: 07 Feb 2023 at 21:29hrs | 1 | by Staff reporter
From Mzilikazi High to the world flying high and far-flung
PROMINENT Zimbabwean lawyer Sternford Moyo is flying high - literally and figuratively. He has been traversing the world as International Bar Association (IBA) president - from Harare to Singapore and...Published: 02 Oct 2022 at 09:07hrs | 3 | by Staff reporter
‘No need for Zimbabwe to import cement'
THERE is no need for Zimbabwe to import cement as it has adequate supplies and capacity to meet all ongoing construction projects by the Government and private sector, PPC Zimbabwe managing director, ...Published: 15 Sep 2022 at 05:48hrs | 1 | by Staff reporter
'No need to import cement into Zimbabwe'
THE country's leading cement manufacturer, PPC Zimbabwe says they will continuously invest in their operations through maintenance and capital development programmes to ensure excellent product qualit...Published: 26 Jun 2022 at 08:13hrs | 9 | by Staff reporter
PPC downbeat as inflation shakes Zimbabwe
JOHANNESBURG Stock Exchange (JSE)-listed Pan African cement maker, PPC has said its earnings per share (EPS) from the Zimbabwean operations would be undermined by rocketing inflation.Ahead of ...Published: 24 Jun 2022 at 07:41hrs | 2 | by Staff reporter
PPC sees annual Zimbabwe cement sales up 25%
PPC, Africa's biggest cement company, says cement sales in Zimbabwe grew 25% year-on-year up to March, on better-than-expected demand from individual buyers and government projects.Cement sale...Published: 25 Mar 2022 at 06:00hrs | 3 | by Staff reporter
Qeqeshiwe is a national asset
She is a national asset!Actress-cum-musician Qeqeshiwe "Qeqe" Mntambo is floating on top of the cream after being nominated at this year's PPC Zimbabwe Music Awards (ZIMA).She is nomin...Published: 11 Feb 2022 at 05:34hrs | | by Staff reporter
Construction firms cash in on Zimbabwe's growing infrastructural spending
AS construction spending by government, mines and individual home builders grows, the tills are ringing at some of Zimbabwe's listed companies.Between January and June, government spent $21,2 ...Published: 08 Oct 2021 at 06:30hrs | 10 | by Staff reporter
PPC projects jump in volumes
REGIONAL cement producer, PPC Limited, is forecasting its local unit - PPC Zimbabwe's volume performance for the half year to September 30, 2021 to be ahead of prior year level on the back of strong r...Published: 07 Oct 2021 at 07:02hrs | 9 | by Staff reporter
Moyo appointed Delta board chair
Delta Corporation has announced the appointment of lawyer Mr Sternford Moyo as new chairman of the board. Mr Moyo replaces Mr Canaan Dube who retired from the board on July 31, 2021. Dube had ...Published: 10 Aug 2021 at 06:37hrs | | by Staff reporter
PPC receives US$11,2 million legacy debt payment from RBZ
CEMENT maker, PPC Zimbabwe, has acknowledged receipt of US$11,2 million from the Reserve Bank of Zimbabwe under the legacy debts repayment facility.The debt accrued as a result of cash flows g...Published: 20 Jul 2021 at 18:47hrs | 5 | by Staff writer
We have enough cement stocks, claims PPC
PPC Zimbabwe says it has enough cement stocks to meet local demand and that it was actively involved in ensuring the market's stability by fighting artificial cement shortages."Artificial shor...Published: 04 Jun 2021 at 07:04hrs | | by Staff reporter
PPC blames cement shortages on panic buying
Zimbabwe's largest cement maker, PPC Zimbabwe says artificial shortages created by customers engaging in panic buying is adversely impacting on the country's construction industry, Business Times can ...Published: 03 Jun 2021 at 08:35hrs | 2 | by Staff reporter
PPC boss puts 'Zimbabwe first' under robust plan
PPC Zimbabwe managing director, Kelibone Masiyane said on Thursday that the country's largest cement maker had invested almost US$120 million across its Zimbabwean operations to ramp up production....Published: 31 May 2021 at 06:41hrs | 2 | by Staff reporter
PPC rebounds after pandemic setback
PPC Zimbabwe, the country's biggest cement maker, said on Friday it had posted strong first quarter recoveries as the Covid-19 scourge appeared to be under control, with abandoned projects now back on...Published: 30 May 2021 at 08:46hrs | 1 | by Staff reporter
Zimbabwe hit by serious shortage of cement, PPC fails to meet orders
Zimbabwe has been hit by a shortage of cement, leaving the construction industry stranded, while in some instances resorting to the black market.The country implemented a cement import ban (SI...Published: 25 May 2021 at 13:48hrs | 10 | by Staff reporter
Govt extends suspension of fungibility of Old Mutual and PPC shares
Finance and Economic Development Minister Professor Mthuli Ncube, has extended the suspension of financial services giant Old Mutual and cement maker PPC's fungibility by another 12 months. In...Published: 16 Mar 2021 at 06:20hrs | 1 | by Staff reporter
NRZ targets new mines
THE National Railways of Zimbabwe (NRZ) says it is targeting several new mines that have been established in Zimbabwe to increase freight volumes while government scouts for fresh capital.Effo...Published: 27 Dec 2020 at 08:11hrs | 1 | by Staff reporter
PPC Zimbabwe shelves Mt Darwin clinker plant construction
The country's largest cement maker, PPC Zimbabwe, has shelved plans to construct a clinker plant in Mt Darwin, Mashonaland Central Province, due to reduced construction activity in the country....Published: 10 Dec 2020 at 08:53hrs | | by Staff reporter
Zanu-PF bigwigs jostling to take over from Mnangagwa
IN HUMOROUS remarks that may contain some truth for ambitious Zanu-PF bigwigs, President Emmerson Mnangagwa, joked on Thursday about the sure-fire credentials of the person who would likely succeed hi...Published: 05 Dec 2020 at 20:49hrs | 1 | by Staff reporter
Mnangagwa promises to fix PPC challenges
PRESIDENT Emmerson Mnangagwa yesterday toured the US$82 million PPC Zimbabwe Harare milling plant where the cement manufacturer pointed out that it was facing a number of challenges which include the ...Published: 04 Dec 2020 at 06:42hrs | | by Staff reporter
PPC to dispose Colleen Bawn, Bulawayo houses
LOCAL cement producer, PPC Zimbabwe has said the disposal of houses at its Colleen Bawn and Bulawayo factories will be finalised during the 2020 financial year because government was still processing ...Published: 04 Jul 2019 at 08:46hrs | | by Staff reporter
PPC Zimbabwe revenue declines by 20%
PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...Published: 02 Jul 2019 at 08:33hrs | | by Staff reporter
Zimbabwe has adequate cement - PPC
PPC Zimbabwe, proud manufacturer of building materials and solutions, would like to assure our valued customers that their favourite cement is readily available at all our stockists. We have e...Published: 07 Apr 2019 at 14:33hrs | | by PPC
PPC loses $26 000 to 'card cloning' gang
FOUR men from Bulawayo have been arrested after they allegedly swindled a private company of $26 000 by cloning the company's bank card.Divine Gandawa (38), from Nkulumane 12, Farai Gandawa (2...Published: 03 Mar 2019 at 01:35hrs | 2 | by Staff reporter
Open letter to Innocent Kufa
Dear Sir, 25 years ago I, together with my Zimbabwean partner, resolved to open a small trading business in Bulawayo offering, amon...Published: 23 Feb 2019 at 09:47hrs | 2 | by Gordon W. McFarlane
'Cement pricing aligned with inflationary rise'
LEADING cement manufacturer, Pretoria Portland Cement (PPC), says despite the difficult trading conditions, average cement prices in the Southern Africa region last year increased marginally by betwee...Published: 06 Feb 2019 at 22:42hrs | | by Staff reporter
PPC hit hard by foreign currency crisis
PPC Zimbabwe Ltd is stuck with R896 million (US$64,2 million) due to its parent company after the local company failed to remit rights issue proceeds and other amounts due to the Johannesburg Stock Ex...Published: 30 Nov 2018 at 09:31hrs | | by Staff reporter
PPC mulls cement price increase
PPC Zimbabwe (PPC) is mulling an increase in cement prices to hedge against rising inflation, The Financial Gazette has learnt.In the wake of runaway United States dollar (USD) parallel market...Published: 18 Oct 2018 at 15:15hrs | 1 | by Staff reporter
Retailers rip off panic-stricken consumers
Retailers reportedly ripped off panic-stricken consumers by arbitrarily hiking the cost of basic commodities despite getting supplies from manufacturers at normal prices.Moreover, tariffs for ...Published: 14 Oct 2018 at 08:08hrs | | by Staff Reporter
'Cement sector has excess capacity'
ZIMBABWE's cement industry has excess capacity to meet the 1,3 million tonnes annual domestic demand as the sector has an installed capacity of 2,4 million tonnes, an official has said. Last month the...Published: 05 Oct 2018 at 06:37hrs | 2 | by Staff reporter
Zimbabwe cement demand to exceed supply in 2 years
ZIMBABWE'S cement industry could run out of capacity by 2020 as national demand grows faster than the expansion in investment, one of the major producers has said.The industry is dominated by ...Published: 01 Oct 2018 at 07:01hrs | | by Staff reporter
Cement supplies improve
THE cement supply situation has improved following a temporary shortage that hit the country early this month. Although hardware retailers have confirmed the availability of the commodity, Business Ch...Published: 24 Sep 2018 at 09:56hrs | | by Staff reporter
Mpopoma whiz kid gets scholarship
LOCAL cement producer PPC Zimbabwe has offered a Bulawayo whiz kid who got 20 points at A-Level a scholarship to study Medicine and Surgery at the University of Zimbabwe starting this year.Mkh...Published: 18 Sep 2018 at 07:06hrs | 2 | by Staff reporter
Cement shortage: PPC calms the market
THE country's largest cement manufacturer, PPC Zimbabwe, has said the market has no reason to engage in panic buying of cement and advised retailers to act responsibly in pricing the commodity to avoi...Published: 05 Sep 2018 at 06:40hrs | | by Staff reporter
Producers speak on cement crisis
National cement demand has surged since the second half of last year, driven by a reported bubble in mortgage and construction activity, amidst mounting supply-side challenges related to foreign curre...Published: 04 Sep 2018 at 06:37hrs | 1 | by Staff reporter
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