JSE-listed cement and construction materials producer PPC has launched a PPC Employee Share Ownership Trust, which has acquired 10% of the share capital of PPC South Africa for the benefit of the employees of PPC’s subsidiaries operating in the country. The shares were bought for R380-million. The trust seeks to recognise and reward the employees for the valuable role they play in PPC’s success and demonstrate the company’s commitment to achieving South Africa’s equity ownership targets.
