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South Africans have another opportunity to invest in BEE shares.
Cement company, Pretoria Portland Cement Company (PPC) has announced a top-up black economic empowerment scheme named PPC Phakama.
This means ‘rise up’ in isiZulu.
The company says PPC Phakama reflects the company’s strategic approach to ‘building a future that lasts’ through long-term investments and doing the right thing for its people and communities.
The PPC Phakama transaction is valued at R2.1 billion based on a derived intrinsic equity value of R10.2 billion for PPC SA, before adjustments for a non-controlling and unlisted interest.