CEMENT PRODUCER IN THE VICTOR KHANYE MUNICIPALITY

 

When complete, the cement plant at Delmas should look like this. The factory is now under construction, but fast nearing completion. It is located adjacent to R50 going to Leandra, just after the R50 and R555 intersection.

 

The project was made possible after a ten-year loan was secured from two South African commercial banks, i.e. Standard bank and Ned bank. Between the two of them, the banks contributed R1.95bn.

 

Sephaku Cement is responsible for the investment. It is an associate firm of the JSE-listed Sephaku Holdings Limited and a subsidiary of Dengote Cement Plc., which owns a 64 percent stake. With this financial injection, Dengote ranks as the largest African company to invest in South Africa. The investment runs to R3.4bn. There is another plant in the North West, which is factored in in the overall deal.

 

The Dengote Group based in Lagos, Nigeria, has issued a statement saying that "the [loan] agreement effectively closes the gap in terms of the required capital for Sephaku Cement to be fully prepared for market entry and a significant competitor in wholesale and retail cement trade".

 

Cement was an invention of old Romans.

 

The plant is scheduled to be launched on Nov. 8, 2013.