PRETORIA Portland Cement Limited (PPC) is seeking shareholder approval to extend financial assistance to its subsidiaries, a move which the directors believe will benefit the group. Shareholders of the cement and related products supplier will vote on a special resolution to authorise financial assistance to related parties, among other resolutions at the company’s 126th annual general meeting on August 30. “The reason for the special resolution is that the company advances loans and other financial assistance to subsidiaries and other related companies or corporations in its group,” the group said in a notice. PPC has 18 subsidiaries across Africa, including PPC Zimbabwe in which it has a 70 percent stake. The company says it believes that the financial assistance will…