JSE-listed cement and building materials producer PPC says it received US$8,9 million in dividends from Zimbabwe during the year ended March 31, 2023 compared to US$6,2 million in the prior year.
The cement maker said its local unit continued to generate adequate sales in foreign currency to sustain its operational requirements during the period and pay dividends. “Strong cash dividends were received from both Zimbabwe and CIMERWA (Rwanda) during the period under review,” PPC said in its financials.