South African cement sales increase

Bymc2008

Updated Mon, 13 Jul 2015 17:28:54 GMT

According to market analysts, South Africa's first quarter cement sales have increased by more than 15% as a result of demand from smaller players countering the slump in the building sector led by bigger companies.

The report released by PPC confirmed that sales rose to 2.87 million t in the first quarter of 2015.

According to Imara SP Reid analyst Sibonginkosi Nyanga, the increase in cement sales could be the result of smaller companies such as Afrimat attracting more business.

Despite this jump, listed construction firms have mostly struggled to increase profit since the end of the building boom that took place during the 2010 World Cup.