Biggest South African Cement Maker Sees Demand Boost From Ramaphosa

PPC Ltd., South Africa’s largest cement maker, sees a pick up in demand in its home market as President Cyril Ramaphosa inspires greater investor confidence and initiates new infrastructure projects.

Demand for the building material will probably be steady for six months before starting to increase, Chief Executive Officer Johann Claassen said in an interview at Bloomberg’s Johannesburg office. That’s after the market stagnated under former President Jacob Zuma, when the economy faltered and major projects were put on hold.

Ramaphosa ousted Zuma in February after winning the leadership of the…

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