![]() Both PPC Zimbabwe and Cimerwa expect to be in a net cash position at period-end with sustained dividend payments being a key priority.Ĭimerwa declared its first dividend in the current financial year, which is anticipated to be paid out before end March. ![]() In Rwanda, Cimerwa’s debt continues to decrease and matures in August 2024. ![]() Gross debt is anticipated to reach PPC’s targeted levels by year-end, which would allow for distributions while maintaining gross leverage at 1.3x to 1.5x the full South African and Botswana operations’ earnings before interest, taxes, depreciation and amortisation (Ebitda), which includes dividends from Zimbabwe and Rwanda.
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