R2.1bn top-up deal takes PPC SA BEE shareholding to 30%

Cement producer PPC on Thursday announced details of its R2.1-billion top-up black economic empowerment (BEE) scheme that, together with the BEE shareholding from two previous transactions, will result in an effective 30% BEE shareholding at the PPC South Africa level. The PPC Phakama transaction, which was proposed in December, will comprise the PPC South Africa Employee Trust, a community development trust and eligible black entrepreneurs.