Murray & Roberts

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.

Cape Town suing Construction companies over World Cup stadium loot

The City of Cape Town is suing several construction companies, accused of colluding during the construction of stadiums in the build-up to the 2010 FIFA World Cup.

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.

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.

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.

Gauteng seeks court review of award over Gautrain

Gauteng provincial government institutes proceedings in the high court to review the near-doubling of a multimillion rand award against it in respect of the Gautrain.

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