AfriSam high­lights merger ben­e­fits

The Citizen (KZN) - - BUSINESS -

If the merger of SA’s two largest ce­ment mak­ers PPC and AfriSam is suc­cess­ful, it would ben­e­fit share­hold­ers of both com­pa­nies as the en­tity would have bet­ter buy­ing power and an im­proved route-to-mar­ket.

This is the view of AfriSam’s act­ing CEO Rob Wes­sels.

Wes­sels said the ce­ment in­dus­try in SA and glob­ally has been con­sol­i­dated.

“The com­bined en­tity is go­ing to be bet­ter placed to com­pete ef­fec­tively with a strong bal­ance sheet. We be­lieve that we would be at a much bet­ter place to sur­vive the eco­nomic head­winds.”

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