PPC Ltd

The Rwandan government plans to sell its 49% stake in cement maker Cimerwa, which is 51% owned by South Africa's PPC Ltd, by the end of March 2019.

South Africa's PPC is in talks with China National Materials (Sinoma) to sell a majority stake in its operations in the Democratic Republic of Congo.

PPC took delivery of new Scania vehicles at its Slurry facility in North West, as part of an ongoing relationship. The PPC cement facility now has seven Scania G410CB8x4EHZ heavy mining tippers in its fleet.

CRH made a non-binding cash bid for PPC, a South African cement producer. PPC will allow CRH to conduct due diligence and submit an updated bid next week. The value was not disclosed.

Dangote Cement pulled out of its bid to acquire the share capital of South Africa's PPC Ltd, notifying PPC's board that it no longer has an interest.

AfriSam submitted a revised merger proposal to PPC, including a R4 billion recapitalisation by Fairfax Africa, and Fairfax made a partial offer to acquire R2 billion in PPC shares at R5.75 per share.

PPC and AfriSam Group have entered into formal discussions to assess a potential merger, aiming to create a stronger South African-owned cement producer. The talks are at an early stage and require regulatory approvals.