Zimbabwe: South Africa’s PPC says that its business in Zimbabwe has remained resilient despite the economic ‘challenges’ experienced over the last year. It said that it had kept its pricing in line with inflation and that demand remained ‘strong.’ Its cautionary measures in the country include: keeping 90% of input costs locally sourced; increased exports; continuing clinker imports from South Africa; and share purchases of PPC on the Zimbabwe Stock Exchange. Previously, PPC reported that growth had been low in Zimbabwe in 2018.
PPC says that Zimbabwe business remains resilient
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