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Y, vibrating on high frequency

Y, South Africa’s trailblazing commercial radio station known for its commitment to showcasing emerging talent and pushing the boundaries of conventional broadcasting, is thrilled to announce its 2024 lineup...

Phindi-ziqubu , Tulz-madala , Sizwe-mngomezulu , Lula-odiba , Codi-dinca , Fae , Shamiso-mosaka , Dimpho-mokgotho , Haseena-cassim , Lunch-league , Nia-brown , Okay-wasabi

Shamiso Mosaka adds radio broadcaster to her CV as she joins Y

Shamiso Mosaka adds radio broadcaster to her CV as she joins Y
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

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Sithole started the fight which led to his death, claims lawyer

The defence claims that the Mozambican hawker chased the accused down the street and hit one of them with a brick, thereby starting the fight.

South-africa , Mozambique , Johannesburg , Gauteng , Mozambican , Emmanuel-sithole , Sifundi-mzimela , Sizwe-mngomezulu , Mthinto-bhengu , Vhonani-matshidza , Johannesburg-magistrate-court ,

PPC agrees to sell its lime business for R515m

MONEYWEB
app instead?
Transaction likely to influence its planned R750m rights issue decision.
00:01
The net proceeds of about R500m will be used to degear PPCâs SA balance sheet. Image: Moneyweb
JSE-listed cement and lime producer PPC has made further significant progress with its capital restructuring by reaching an agreement to sell its wholly-owned lime business to investor consortium Kgatelopele Lime for R515 million.
In terms of the agreement, the rights, benefits and advantages of PPC Lime transfer to Kgatelopele Lime on April 1, with the divestment expected to reach a close by the end of the year.
INSIDERGOLD

South-africa , Schoombie , Eastern-cape , Switzerland , Congo , South-african , Billy-mawasha , David-fraser , Sizwe-mngomezulu , Roland-van-wijnen , Johan-claassen , Anirudh-misra

PPC sells lime business to Kgatelopele Lime

PPC sells lime business to Kgatelopele Lime
By Edward West
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PPC HAS SOLD its PPC Lime operation as part of a restructuring project to Kgatelopele Lime, a new company that has Swiss mining and minerals resources group IMR Group as a major shareholder, for R515 million.
PPC plans to use the net proceeds of R500m to degear PPC’s South African balance sheet.
In terms of the restructuring project, PPC’s South African lenders agreed to review the need for a R750m group capital raise if the South African businesses continue to degear towards sustainable debt levels.

South-africa , Johannesburg , Gauteng , Switzerland , South-african , Swiss , Billy-mawasha , Murray-roberts , Sizwe-mngomezulu , Roland-van-wijnen , Rio-tinto , Anglogold-ashanti

PPC to sell lime business for R515 million

Roy Cokayne
The divestment forms part of PPC’s ongoing capital restructuring, and the effective net proceeds of about R500 million will be used to degear the cement producer's SA balance sheet.
PPC truck.
JSE-listed cement and lime producer PPC has made further significant progress with its capital restructuring by reaching an agreement to sell its wholly-owned lime business to investor consortium Kgatelopele Lime for R515 million.
In terms of the agreement, the rights, benefits and advantages of PPC Lime transfer to Kgatelopele Lime on April 1, with the divestment expected to reach a close by the end of the year.

South-africa , Schoombie , Eastern-cape , Switzerland , Congo , South-african , Billy-mawasha , David-fraser , Sizwe-mngomezulu , Roland-van-wijnen , Johan-claassen , Anirudh-misra