Business In The News South Africa

PPC says working on transaction to boost its BEE shareholding

JOHANNESBURG, December 14 – Cement producer PPC said on Thursday it had approved the framework for a transaction to restore the equity shareholding in its local operation prescribed by black economic empowerment (BEE) laws. PPC said BEE equity shareholding in the company had been significantly reduced in 2016, leaving it non-compliant with requirements of the Mineral and Petroleum […]