Kudzanai Gerede Companies and Markets Editor PPC Limited is bullish on its operations in Zimbabwe after strong local demand and improved commercial execution lifted profitability and strengthened the business’ contribution to the group’s foreign currency earnings. The South African-based cement producer said Zimbabwe continued to experience strong underlying demand during the financial year ended March…
PPC bullish on Zimbabwe operations
The positive outlook comes as PPC Zimbabwe increasingly becomes an important hard-currency generator for the group, with foreign currency sales accounting for 99 percent of total sales up from 84 percent in the prior year.