PPC says robust demand at its Zimbabwean unit and in Rwanda helped increase sales in its year to end-March, while its South Africa growth is under some pressure due to the waning demand for home improvement.

PPC expects total group cement sales volumes for the twelve months to increase by between four to eight percent year-on-year, with double-digit volume growth in Zimbabwe and Rwanda.

“PPC Zimbabwe continues to trade well and ahead of expectations. For the twelve months ending March 31, 2022, PPC Zimbabwe’s cement sales volumes are expected to increase by 21 to 25 percent year-on-year, benefiting from retail demand, increased sales to concrete product manufacturers, and support from government-funded projects,” PPC said in an operational update.