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.
Nedbank funds 345 000m² of prime industrial land in Gauteng
Nedbank Corporate Property Finance has provided funding for 345 000m² of prime industrial land in the Pomona business node alongside the R21 highway in Johannesburg on behalf of The JT Ross Group. ... Full story