Group Five

Construction Sector being demolished as Group Five succumbs to depressed market

The decision taken by Group Five, one of SA’s construction giant which built the Moses Mabhida stadium, to file for bankruptcy protection, has come as a shock to the nation as the sector may be collapsing.

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.

Group Five partners with UK's Aberdeen

Group Five has partnered with a subsidiary of the UK-based Aberdeen Asset Management, as the JSE-listed engineering and construction group seeks to bolster its offshore profit line.

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.

Competition Tribunal confirms Aveng deal

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

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.

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.

Group Five downplays JSE warning

Group Five faces suspension for the late submission of results‚ explaining this involved debt instruments listed by a subsidiary and not the holding company’s shares.

Group Five still in talks with Competition Commission over settlement

Diversified construction company Group Five (GRF) on Wednesday warned its shareholders of the “contingent risk” of civil claims possibly being lodged against the group after it was implicated in a Competition Commission report on anticompetitive behaviour.

Group Five shares gain on results update

JSE-listed construction and engineering firm, Group Five, on Monday posted a 40.7% rise in headline earnings per share (HEPS) to 204c for the six months ended December 2013 from 145c a year earlier.

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