Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

PPC - African Infrastructure Growth, But Not So Much Value

Africa is not only big, but bigger than most Americans can probably easily imagine. China, the U.S., India, and Western Europe would fit within Africa's borders with some room left to spare. It's also a very underdeveloped area, as the best-ranked country in terms of roads is Namibia at #35 and much of the bottom quartile of the rankings is made up of African countries. As a leading cement producer, this means opportunity for South Africa's PPC Limited (OTCPK:PPCYY).

Poor infrastructure has emerged as a key issue in maximizing the value of Africa's mineral and resource exports, to say nothing of facilitating better food production and trade. It remains to be seen whether African countries will invest the...

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