PPC
PPC
PPC - Pretoria Portland Cement Company Limited - PPC Tops BBBEE Rankings
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 TOPS BBBEE RANKINGS
Southern Africa`s leading cement producer, Pretoria Portland Cement ("PPC") has
achieved the highest ranking broad-based black economic empowerment ("BBBEE")
status in the cement industry. Having climbed from a level 3 to a level 2
contributor, PPC customers are now able to claim 156% of their spend with the
company towards their own empowerment rating.
The second improvement in the company`s rating in one year; this achievement
confirms PPC`s ongoing commitment to meaningful transformation in South Africa.
"I am proud to announce that our new level 2 rating is a number of years ahead
of our original target date," said Paul Stuiver, CEO of PPC. "At PPC, meeting
all of the objectives laid out in the Department of Trade and Industries BEE
Codes of Good Practice is vital and we will continue to strive toward reaching
the highest level."
PPC already has a level 1 rating in the specific areas of equity ownership,
enterprise development and socio-economic development.
In addition to this, PPC has been awarded level 3 gold contributor status for
its national corporate social investment program. Awarded by the Department of
Social Development in conjunction with the National CSI Registrar, this
achievement recognises PPC`s dedication to building a strong and sustainable
South Africa.
Johannesburg
9 December 2010
Sponsor
Merrill Lynch South Africa (Pty) Limited
Financial Communications Advisor
College Hill
Date: 09/12/2010 11:33:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
