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MARCH 2012 UPDATE Cement Sales Dr Johan Snyman STELLENBOSCH 8 March 2012

MARCH 2012 UPDATE Cement Sales Dr Johan Snyman STELLENBOSCH 8 March 2012. Cement sales data for February 2012 Cement sales in Feb 2012 were 7.4% higher than in Feb 2011 (given a leap year, there was one extra trading day) (First graph)

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MARCH 2012 UPDATE Cement Sales Dr Johan Snyman STELLENBOSCH 8 March 2012

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  1. MARCH 2012 UPDATE Cement Sales Dr Johan Snyman STELLENBOSCH 8 March 2012

  2. Cement sales data for February 2012 Cement sales in Feb 2012 were 7.4% higher than in Feb 2011 (given a leap year, there was one extra trading day) (First graph) On a year-on-year basis, the (smoothed) Annual Percentage Change was +10%, up from 9% in Jan 2012 (Second graph) The third graph shows the cyclical movement, still below the long-term trend. Sales grew by 3.3% overall during 2011. In our fourth graph we compare the annual percentage change in cement sales with the annual percentage change in the average of the time series Total Building Plans Passed and Total Buildings Completed. The fit looks pretty good, keeping in mind that cement is also sold into the construction works market (not reflected in either BPP or BC) We expect a modest percentage growth (single digits) in cement sales during 2012.

  3. Thanks for your attention … any questions? Please contact … Johan Snyman mfa@iafrica.com

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