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PPC s planned equity raise under review, pushed out six months

MONEYWEB app instead? PPC’s planned equity raise under review, pushed out six months Follows the group resolving its $175m DRC debt exposure and reducing the debt on its SA balance sheet. 00:01 Revenue is up primarily due to strong cement demand in South Africa. Image: Waldo Swiegers, Bloomberg The planned equity capital raise of at least R750 million by JSE-listed cement and lime producer PPC to degear the groupâs South African balance sheet has been placed under review and the timing pushed out six months to end-September 2021. This follows PPCâs South African lenders agreeing to defer by six months the timing of the capital raise, which was initially planned to take place by end-March.

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PPC postpones its ZAR750m rights issue

PPC postpones its ZAR750m rights issue 01 April 2021 PPC Ltd, South Africa s biggest cement maker, held off on a planned rights issue of about ZAR750m (US$640m) following a sales boost and advancing talks on the disposal of its lime business. PPC has negotiated with lenders to postpone the share sale for at least six months, said CEO Roland van Wijnen. The group saw double-digit cement-revenue growth in its home market from the middle of last year, enabling it to meet interest payments, he said. PPC will also gain additional clarity on its lime division, which could generate further proceeds, Mr Van Wijnen said.

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VDL bus makers switch to bathroom modules for fast home construction

VDL bus makers switch to bathroom modules for fast home construction
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De Blinkert | Capelle aan den IJssel, Netherlands | ECHO Urban Design and GROOSMAN Architects

De Blinkert | Capelle aan den IJssel, Netherlands | ECHO Urban Design and GROOSMAN Architects De Blinkert | Capelle aan den IJssel, Netherlands | ECHO Urban Design and GROOSMAN Architects ECHO Urban Design and GROOSMAN Architects have won the European tender for the masterplan de Blinkert in Capelle aan den IJssel. ECHO Urban Design and GROOSMAN Architects will develop the project commissioned by Van Wijnen in collaboration with the municipality of Capelle aan den IJssel, David Lloyd and local residents. The project will commence in 2022. Sports and relaxation intertwined The 70’s characteristic open‐air swimming pool, de Blinkert, is etched in the collective memory of Capelle aan den IJssel and Rotterdam residents. Therefore, nostalgia and inspiration are leading in the transformation of the area, which includes David Lloyd’s current sport‐ and fitness centre. The specific architectonic architecture of the in and outside swimming pools and other characteristic eleme

Buiten thuisDavid lloydVan wijnenAntea groupBlinkert designUrban designConversation nextKettner makelaardij designடேவிட் லாயிட்அடீ குழுநகர்ப்புற வடிவமைப்புஉரையாடல் அடுத்தது

Business Highlights of the Week: Delta, PPC, AngloGold

Daily Maverick 168 Pity the poor investors and traders who bought Delta Property Fund’s shares on Wednesday, December 9, sending their value almost 8% higher as they anticipated the release of already delayed interim results that were due out yesterday after one delay already. Its shares sank over a third on Thursday after it withdrew its annual results for the year to end-February due to the financial shenanigans of previous management, who all quit in August after an initial probe by Mazars Forensic Services uncovered dubious transactions. That was followed by a second investigation into the double payment of commissions and improper procurement processes, as well as an internal assessment by Delta itself.

Kwazulu natalSouth africaEastern capeMarkus joosteChristine ramonRoland van wijnenStephen gunnionTrevor manuelVan wijnenJohann rupertSipho pityanaKelvin dushniskyDepartment of mineral resourcesNominations committeeHarmony gold miningMazars forensic services