Sephaku says cement market still seeing excess capacity amid slow infrastructure rollout

The original article can be found here.

Article highlights:

  • Cement maker Sephaku has reported a sharp drop in profits for its half-year to end-September, hit by higher operating costs and a weak market.
  • While SA is seeing construction in terms of renewable energy projects and road construction, general infrastructure development is subdued, it says.
  • The group says it will be looking for opportunities in the civil construction market, with the residential market under pressure from high interest rates.