PPC
PPC
PPC - Pretoria Portland Cement Company - PPC achieves BBBEE level 3 contributor
status ahead of time
Pretoria Portland Cement Company Limited
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000125886
("PPC" or "the company")
PPC ACHIEVES BBBEE LEVEL 3 CONTRIBUTOR STATUS AHEAD OF TIME
Leading cement producer PPC has improved its empowerment status from a Level 4
to a Level 3 BBBEE contributor rating. This rating, together with the highest
preferential procurement recognition level in the cement industry of 138%
reflects PPC`s commitment to transformation in South Africa.
PPC had expected to reach this target by 2011, but the solid transformation
foundations laid many years ago and a committed team performance resulted in
this goal being achieved significantly earlier than expected. PPC met its
objectives in almost all of the DTI`s code of good practice scorecard pillars
with notable increases in scores relating to employment equity, enterprise
development and socio-economic development.
PPC`s approach to transformation continues to create meaningful empowerment,
both internally and in the communities in which PPC operates.
Johannesburg
14 December 2009
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 14/12/2009 14:25:02 Produced by the JSE SENS Department.
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