AfriSam Group Limited

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.