PPC shares fall
Shares of South Africa's Pretoria Portland Cement fall 1.7 percent to 23.25 rand, under performing a 0.8 percent firmer All-share index.
The cement maker says it expects full-year profit to fall by 25 to 30 percent, hurt by weak demand in South Africa's Western Cape Province.
The company also says pricing environment remains competitive and it continues to battle higher input costs.
PPC says it will report full-year results on or around Nov. 8.
South Africa's ranking in the Global Competitiveness Index has risen by two place to stand 47 out of 138 countries surveyed by the World Economic Forum. ... Full story