Construction & infrastructure
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.
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.
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.
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.
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.
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.
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.
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.
US home construction picks up in July
New US home construction picks up in July to the fastest pace in just over a year, supporting hopes for a rebound in overall economic growth in Q3.
WBHO FY HEPS at continuing operations to rise 20%-30%
Construction group Wilson Bayly Holmes-Ovcon expects full-year HEPS from continuing operations to rise 20%-30%‚ says group.
Critical flaws in bridge
Guidelines for the construction of a temporary bridge at Grayston Road in Sandton over the M1 are not implemented.
Small residential funds take a back seat
Listed-sector interest in residential real estate grows, but only a few funds have managed to build sizable portfolios.
Rare Holdings buyout offer seemingly cheap
There has been no outrage in the market at a proposed buyout of pipeline specialist Rare Holdings by a company associated with one of SA's richest businessmen.
West China Cement shares plunge following deal collapse
Shares in struggling West China Cement plunge as much as 34% after a much-needed merger deal with the country's largest cement maker collapses.
