(to date: R390 million)
Administrative and operating costs fell 12% to R489 million
(2015: R554 million)
Earnings per share rose 35% to 70 cents
(2015: 52 cents)
￼Profit attributable to shareholders up 35% to R369 million
(2015: R274 million)
Successfully replaced diesel fuel with a blend of recycled and tyre- derived oil at Hercules plant for significant energy cost savings
DRC project started a nursery to propagate endangered tree species, with about 10 000 seedlings and almost 3 000 trees planted
￼73 housing transactions completed in the PPC SA staff housing initiative
￼Projects in Zimbabwe, DRC and Ethiopia to be comissioned in the next 12 months
￼Successfully concluded corporate restructure of our South African and international operations ￼
SOCIAL AND RELATIONSHIP CAPITAL
PPC now supplies from nine cement factories, four milling plants, five blending facilities and 26 readymix batching plants after acquiring Safika, Pronto Readymix (including Ulula Ash) and 3Q Mahuma Concrete (Pty) Limited. We also produce aggregates, milled slag, metallurgical- grade lime, burnt dolomite and limestone. Our Mooiplaas quarry in Gauteng has the largest aggregate production capacity in South Africa.
Our facilities in South Africa, Botswana, Rwanda and Zimbabwe can produce some 8,5 million tons of cement products each year and half a million tons of fly ash.
Our strategic aspiration is to exceed the expectations of all our stakeholders on a sustainable basis. Achieving this strategic aspiration requires fundamentally changing our corporate culture while excelling at these five pillars of our strategy.
Achieving alignment and common purposeA pioneering company with a 124-year history, PPC continues to play a significant role in building an integrated and prosperous Africa, creating value for all its stakeholders.
With our ambition firmly set on becoming an African major and then global major, our new vision was launched to employees on 1 October 2015. This, along with our strategic aspiration and strategy, was the result of a consultative process involving senior managers across the group and board members. They were cascaded across the business, engaging employees and ensuring alignment. Guided by the group strategy, each site and subsidiary developed their own map and presented these to the broader management team responsible for developing the new vision and strategy. This enabled us to test the new strategy against operational realities, ensuring it not only looked good on paper but is relevant and workable. This peer-review approach ensured alignment and highlighted opportunities for synergies and improved efficiencies. By the beginning of calendar 2016, each functional area, subsidiary and site was armed with a clear path, the basis of their business plans, budgets and key performance areas.
Central to achieving our vision of being a world-class provider of materials and solutions and more than doubling our business every 10 years by a world-class team, supported by an enabling organisational culture. Both our people and culture remain the focus of our change initiatives.
Our strategic aspiration is to “exceed the expectations of all our stakeholders on a sustainable basis”.
Stakeholder engagement is therefore critical in informing our strategic initiatives. In this section, we highlight some of our key stakeholders and how we intend to assess their expectations and measure how well we are performing.
Corporate restructure (Project Omega)In line with PPC’s vision and strategy, the board approved a corporate restructure to streamline and optimise the South African and foreign operations, effective 1 April 2016. The objective is to:
The process of aligning staff to the correct operating entity is advanced.
Countries of operation
PPC Ltd established as De Eerste Cement Fabrieken Beperkt, in Hercules, Pretoria
Changed its name to The First Portland Cement Factory Limited
Name changed to Pretoria Portland Cement Company Limited Maiden dividend starts a tradition unbroken for over a century
PPC listed on the JSE
PPC Slurry produced its first cement
De Hoek factory built in Western Cape
Cement factory built in Port Elizabeth
PPC Jupiter started up in Germiston, just outside Johannesburg
Construction of PPC Riebeeck in the Western Cape
Entered lime industry by acquiring Northern Lime Company
PPC built and mothballed Dwaalboom plant in economic recession; recommissioned the plant in 1998
Centenary First 100 years
Nelson Mandela became SA’s first black president
Surebuild brand launched
Botswana blending plant commissioned
Acquired Portland Holdings in Zimbabwe
Entered aggregates market by acquiring Mooiplaas dolomite quarry
R3,9 billion broad-based black economic empowerment transactions
PPC cement used in multi-billion rand projects including Gautrain, soccer stadiums, Medupi and Kusile power stations
PPC listed on JSE for 100 years
PPC/IDC acquired a stake in Habesha Cement, Ethiopia
Name changes to PPC Ltd
Acquired a stake in CIMERWA, Rwanda
Construction started on new cement plant in the DRC
Acquired Safika Cement
PPC Zimbabwe centenary
Acquired Pronto Readymix
Construction of mill in Harare, Zimbabwe
New 600 000 tpa plant commissioned in Rwanda
Construction of Slurry kiln 9 started
Corporate restructure of South African and international operations
Acquisition of 3Q Mahuma Concrete