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Aveng to open rights offer on March 1, says to post an interim profit

By: Marleny Arnoldi     18th February 2021 JSE-listed construction group Aveng has announced that has finalised all conditions to raise R300-million by way of a rights offer, with the opening scheduled for March 1 and closing on March 12. The company aims to restructure its balance sheet, deleveraging it by R1-billion, which will extend... 

JPMorgan Chase & Co now holds 25% shareholding in Aveng

By: Simone Liedtke     14th January 2021 Investment banking company JPMorgan Chase & Co now owns 25.52% of the total issued ordinary shares of international infrastructure and resources company Aveng. This includes the 19.07%, 3.87% and 2.58% holdings by various JPMorgan Chase & Co subsidiaries. 

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite 

By: Terence Creamer     30th November 2020 Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two  remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian... 

Aveng says it will respond to Sanral's statements following Supreme Court decision

By: Tasneem Bulbulia     20th November 2020 JSE-listed Aveng says it has taken note of the South African National Roads Agency Limited's (Sanral's) statement on November 18 that the Supreme Court of Appeals (SCA) had dismissed an appeal to prevent the agency from claiming guarantees from the Aveng-Strabag Joint Venture (JV) in relation to... 

Company rebranding to be showcased

By: Paige Müller     25th January 2019 JSE-listed infrastructure group Aveng has begun to consolidate its opencut contracting entity Aveng Moolmans and its shaft sinking and underground business Aveng Shafts & Underground into a unified brand, which will be known as Moolmans. Aveng Mining operating group MD Stuart White tells Mining... 

Renewable Energy Independent Power Producer Procurement Programme – second window, South Africa

By: Sheila Barradas     1st September 2017 An update on the Renewable Energy Independent Power Producer Procurement Programme – second window. 

Corobrik’s new marketing manager brings fresh approach

15th February 2016 When 33 year old Pulane Isabella Twala joined Corobrik’s Durban office as Marketing Manager on 11 January this year, she was looking forward to bringing a fresh approach to this leading brick manufacturer which has been in operation for 113 years. A few weeks into the job, Twala is focused on... 

Aveng Grinaker-LTA lauded for construction projects

By: Megan van Wyngaardt     13th November 2015 Local construction company Aveng Grinaker-LTA took top honours at the Construction World Magazine’s yearly Best Projects Awards ceremony, in Johannesburg, earlier this month. The company’s 300 m Majuba incremental launch bridge project, over the Vaal river, was awarded first place in the Civil... 

Aveng chairperson Band retires

By: Natasha Odendaal     1st April 2015 JSE-listed Aveng independent nonexecutive director Mahomed Seedat has been named as successor to outgoing chairperson Angus William Band, who will retire at the end of June. In an announcement to shareholders on Wednesday, Aveng said Seedat would assume the role of independent nonexecutive... 

Medupi power station project, South Africa

28th November 2014 Eskom has confirmed a likely further, albeit modest, slippage in the schedule for first synchronisation of Medupi Unit 6. 

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