South African cement sales for May exceeded one million tons for the first time since November 2004, the Cement and Concrete Institute has reported.

Domestic cement producers have benefited handsomely from the strong rise

SA cement sales rose by only 2.1% year-on-year in March 2005 to 924,652 tons, but this is due to Easter falling in March this year

SA cement sales rose by 12.1% year-on-year to 862,252 tons in February, ending two months of slowing year-on-year increases

Futuregrowth has a further 10 centres in the pipeline.

Twenty-five investment projects worth R29bn were approved under government’s strategic investment projects incentive programme between April 2002 and March last year, according to a report tabled in Parliament this week.

Three power stations are to be re-opened

The past year was an outstanding year for the South African cement industry with several sales records being broken, John Sheath, marketing manager of the Cement & Concrete Institute, has reported.

Demand for space in provinces such as Mpumalanga help to reduce the levels of risk associated with the portfolio as a whole.

Prima Property Trust today announced a final distribution of 4,43 cents per unit for the four months from 1 January 2004 to 30 April 2004, representing a 3% improvement on the forecast.