• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

PPC acquires Quarries of Botswana

Oct 04 2011 09:57
I-Net Bridge

Company Data

PPC Limited [JSE:PPC]

Last traded 17
Change 0
% Change 0
Cumulative volume 799746
Market cap 0

Last Updated: 27-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

PPC profit slumps 38%

PPC warns of profit slump

PPC hit by declining cement sales

PPC hit by building slowdown

PPC mill to boost output by 30% - report

Johannesburg - As part of its southern Africa expansion strategy, Pretoria Portland Cement [JSE:PPC] on Tuesday announced the acquisition of three aggregate quarries from Quarries of Botswana for 50 million Pula ($6.8m).

New quarries in Gaborone, Francistown and Selebi-Phikwe would expand PPC's footprint and make PPC's Aggregates division the largest aggregate producer in Botswana, it said.

"Various alternatives were considered to increase PPC's aggregates presence in Botswana. Both Gaborone and Francistown are forecast to be major growth nodes in Botswana and this was an obvious choice to develop our aggregates business further.

"Acquiring the assets of an existing business made more sense than embarking on a greenfields expansion," said PPC's executive for the Aggregates division, Riaan Redelinghuys.

The investment would see PPC's aggregates division increase its total capacity from three million to about four million tonnes per annum and gain approximately 100 employees.

PPC CEO Paul Stuiver said: "We recently communicated to our investors that we are pursuing expansion opportunities in other parts of Africa; however this acquisition shows we are still considering any good opportunities to expand our local business."
pretoria portland cement


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote