Contact Details
PO Box 6367, Weltevredenpark, 1715
http://www.afrisam.com   |   011 670 5500
Press Office Home Profile Official Website Visit Engineering News

AfriSam News

Dangote withdraws PPC offer

6th October 2017 Nigerian cement maker Dangote Cement has withdrawn its nonbinding expression of interest for the acquisition of South African cement producer PPC. In September, Dangote proposed a combination of the two companies. 

South Africa's AfriSam says merger offer for PPC 'fair'

20th September 2017 South African cement maker AfriSam said on Wednesday a merger proposal valuing its rival PPC at $700-million was fair, suggesting it has no intention of sweetening its offer. Shares in PPC dropped 2.52% to R6.19 at 1314 GMT, but still well above a R5.75 per share valuation in AfriSam's proposal... 

Comair dealing with poor economic situation in SA

7th September 2017 The weak South African economy is affecting the local airline sector. Keith Campbell reports on how one local airline group, Comair, is meeting the challenge. 

PPC receives two other indicative merger proposals as AfriSam submits revised offer

4th September 2017 AfriSam has submitted a revised merger proposal to PPC, while a regional unit of Fairfax Africa Investments has offered to buy R2-billion of PPC shares, subject to PPC shareholders agreeing to the merger with AfriSam.   PPC on August 25 announced that merger negotiations between itself and... 
More News

Latest News by Engineering News

Rand drops on Zuma's suprise 'pro-nuclear' Cabinet reshuffle

The rand lost more than 0.5% within minutes of President Jacob Zuma's announcement of yet another surprise Cabinet reshuffle. The biggest move is that of energy - Mmamoloko Kubayi has been moved from the energy portfolio to communications, with David Mahlobo now occupying the position of Minister... 

Clover appoints CFO designate

Frantz Scheepers has been appointed CFO designate of JSE-listed Clover, effective November 1. He will succeed current CFO Elton Bosch. 
More Latest News