PPC has embarked on a turnaround strategy to improve its profit margins and profitability, which has already led to the retrenchment of 10 top management-level employees, with a further reduction in the group’s headcount expected.
However, there was good news for shareholders in the JSE-listed cement and building materials producer.
PPC on Monday declared its first dividend since 2015, and the group’s board will consider declaring a special dividend from the proceeds of the sale of its 51% interest Cimerwa in Rwanda once the sale has been approved by the Common Market for Eastern and Southern Africa – moneyweb.co.za