What government infrastructure drive? PPC CEO Roland van Wijnen

CEO of PPC Roland van Wijnen sheds light on the cement producer’s financial results, following a two-year turnaround that seems to be nearing completion. PPC has been one of the best-performing JSE-listed businesses in 2021; it avoided a capital raise and shaved hundreds of millions off its debt burden. PPC will be a natural beneficiary of the supposed multibillion government infrastructure drive but Van Wijnen is yet to see it being rolled out. He says there has been strong demand in its Zimbabwean operations despite the country facing a mountain of economic challenges. Van Wijnen has been critical of the government in the past for not supporting the cement industry, but says there has been more meaningful engagement in the last few weeks. PPC’s turnaround has caught the attention of institutional investors, with Public Investment Corporation’s recent purchase of a 5% stake in the business.