High manufacturing costs impede competitiveness: PPC

Cement manufacturer, PPC Zimbabwe says the country has a huge manufacturing cost base, which makes it difficult to operate in, compared to other regional countries.

In a Press briefing after the official commissioning of its new plant on Friday, PPC Zimbabwe managing director, Kelibone Masiyane said one of the major cost drivers was electricity, with them paying 15 cents per kilowatt hour.

“If you go to Zambia, they charge 6 cents and we are setting up a plant in Ethiopia, where they charge about 3 cents.

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