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.
Tourism Minister Marthinus van Schalkwyk has announced that through South Africa’s marketing efforts in tourism they have reached over one billion consumers. ... Full story