PPC receives two other indicative merger proposals as AfriSam submits revised offer

AfriSam has submitted a revised merger proposal to PPC, while a regional unit of Fairfax Africa Investments has offered to buy R2-billion of PPC shares, subject to PPC shareholders agreeing to the merger with AfriSam.   PPC on August 25 announced that merger negotiations between itself and AfriSam had been terminated and that AfriSam was expected to draw up a new proposal.