PPC’s Zimbabwe business flourishes while South African, Botswana businesses flounder

Revenue growth in cement producer PPC’s South African and Botswana cement businesses were driven by price increases during the ten months ended January 31, positively offsetting the declining sales volumes experienced in the six months to September 30, 2023. In an operational update issued on March 27, PPC said its overall group revenue increased by 27.6% for the ten-month period, although this was driven mainly by continued strong growth in its Zimbabwe operations relative to the low base in the comparable period in 2022.