JOHANNESBURG, Sept 4 (Reuters) - South Africa's cement maker PPC PPCJ.J said on Monday a regional unit of Fairfax Africa Investments FAHu.TO will make a partial offer to buy its shares for 2 billion rand ($154 million), subject to PPC shareholders agreeing to a tie-up with its nearest unlisted rival Afrisam.
In August, PPC said AfriSam intends to make a new proposal on a merger of the two South African cement makers after AfriSam terminated its current plan. in PPC rose 3.67 percent to 5.65 rand at 1234 GMT.
($1 = 12.9458 rand)