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Colluding Construction giants reach aggreement with Government

Construction companies that colluded around the 2010 Fifa World Cup Stadium projects, have paid their first sum of R117m in terms of the settlement agreement they entered into with the National Revenue Fund. ... Full story

Peter Nelson appointed new chairman of PPC

Cement maker, PPC last month named Peter Nelson to replace Bheki Sibiya as its new chairman. ... Full story

BEE group acquires Murray & Roberts' infrastructure and building unit

Engineering and construction group, Murray and Roberts (M&R) sold its infrastructure and building business for R314 million to a black economic empowerment group‚ Firefly Investments. ... Full story

PPC shares give up gains after headline earnings warning

PPC's share price plunges more than 14.5% to R4.87 as it warns shareholders at its annual general meeting that its interim headline earnings a share could fall as much as 85%. ... Full story

Afrimat's interim earnings up 25%

Afrimat‚ which supplies industrial minerals and construction materials‚ on Thursday reported a 25.3% rise in headline earnings per share (HEPS) to 95.2c in the six months to August from the year-earlier period. ... Full story

Colluding construction firms agree to pay R1.5bn to help transformation

The South African Government reached an agreement with seven listed construction groups found to have participated in collusion. The companies will contribute R1.5 billion to help black-owned partners grow. ... Full story

Competition Tribunal confirms Aveng deal

Competition Tribunal on Wednesday confirmed an immunity agreement between JSE-listed construction group Aveng struck with the Competition Commission. ... Full story

Basil Read sure it is blameless over St Helena

Basil Read continues to be buffeted by the R4.6bn St Helena Airport it is building on behalf of the British government, despite the UK department for international development confirming there are no legal claims around wind-related project delays. ... Full story

Black women-owned company to buy majority stake in Aveng

Kutana Construction, a black women-owned and led company, will buy a majority 51% stake in Aveng subsidiary Aveng Grinaker-LTA, which services infrastructure, energy, rail and mining markets in Africa. ... Full story

Murray & Roberts to take part in bid-rigging settlement deal

Murray & Roberts has opted to participate in a R1.25bn “voluntary” settlement agreement between construction companies and the government to allay competition authority penalties and accelerate transformation in the industry. ... Full story

Construction boss monster pay in the spotlight

South Africans remain alert for overly generous bonus and pension packages paid to senior executives. Salaries in business and government have recently sparked vigorous debate in the country. ... Full story

Murray & Roberts shifts focus, quits the lucrative Construction sector

Construction giant Murray & Roberts (JSE: MUR), which helped building South Africa's 2010 FIFA World Cup stadium projects, is exiting infrastructure and building business markets. ... Full story

Renewed confidence in Building Sector Q3

South Africa's building sector which has remained in the doldrums for the past few years, has received a shot in the arm in third-quarter 2016 with renewed confidence boosting market activity. ... Full story

Group Five’s revenue dips‚ but aftertax profit up 63%

Group Five reports a 63% leap in aftertax profit on slightly lower revenue for the year to end-June. ... Full story

Group Five soars on Europe operations

Group Five more than doubles core operating profit in the year to June on what it says is an 'exceptional result from its investments and concessions cluster in eastern Europe. ... Full story

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