The Markets Ledger

PPC extends CEO’s contract to 2030

Building materials provider PPC Limited has announced that CEO and executive director Matias Cardarelli has agreed to extend his employment contract through 31 March 2030.

PPC bullish on Zimbabwe as demand lifts earnings

PPC says Zimbabwe remains one of its most attractive growth markets after strong local demand and improved commercial execution boosted profitability and strengthened the country’s contribution to the group’s foreign currency earnings.

PPC Zim’s US$30 million land deal collapses

The proposed sale of PPC Zimbabwe’s Arlington property in Harare to Transvaal Africa (Private) Limited for US$30 million has collapsed after the buyer failed to make the payment by the extended June 30 deadline.

PPC engages Sinoma in Zim expansion

PPC Limited has signed a memorandum of agreement with Sinoma Overseas Development Co – a leading international specialist in cement production facilities construction – to build a new integrated cement plant at PPC Zimbabwe.