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‘Almost inconceivable’ cancellation of Sanral projects to lead to ‘major delays’, says Concor CEO  

By: Irma Venter     20th May 2022 The cancellation of R17.47-billion in tenders by the South African National Roads Agency Limited (Sanral), will lead to major delays in the execution of these projects, warns Concor CEO Lucas Tseki. The tenders that the Sanral board cancelled are the Mtentu Bridge Wild Coast project, on the N2,... 

Stefanutti reaches settlement in Green Point Stadium civil case

By: Tasneem Bulbulia     18th May 2022 JSE-listed Stefanutti Stocks says it has reached an agreement with the City of Cape Town regarding a civil claim against it, as well as fellow contractors WBHO Construction and Aveng Africa, in relation to the construction of the Green Point Stadium. Although the parties remain confident of their... 

Aveng narrows offshore listing focus to Australia and Singapore 

By: Terence Creamer     22nd February 2022 JSE-listed infrastructure and contract mining group Aveng has reaffirmed its plans to seek an international listing and also confirmed on Tuesday that it had narrowed its offshore listing focuses to bourses in Singapore and Australia. CEO Sean Flanagan justified the group’s foreign listing... 

Aveng to post lower interim earnings

By: Marleny Arnoldi     14th February 2022 JSE-listed construction group Aveng has warned that its basic earnings and headline earnings for the six months ended December 31, will be about 85% lower year-on-year. The group expects to report basic earnings of between R49-million and R58-million, compared with basic earnings of R438-million... 

Aveng grows order book, expects solid interim performance

By: Marleny Arnoldi     20th January 2022 JSE-listed construction group Aveng has grown its order book to R29.1-billion as at December 31. This includes A$1.1-billion worth of work won by its Australia-focused subsidiary McConnell Dowell.  

Aveng appoints Bernard Swanepoel to its board

By: Simone Liedtke     22nd October 2021 Bernard Swanepoel has been appointed an independent nonexecutive director of construction and engineering group Aveng’s board, with effect from October 20. He has also been appointed to the risk committee, the safety, health and environment committee and the investment committee. 

Beowolf Mining

22nd October 2021 With over 15 years’ experience in supplying drilling tools and drill rigs to mining operations in Southern Africa, Beowolf Mining is widely recognised as one of the top suppliers of rock drilling tools in the industry. Positioned as a strategic supplier for the mining and quarrying industry,... 

President urges communities to support N2 toll road project

By: Yvonne Silaule     23rd September 2021 President Cyril Ramaphosa has urged communities to support the development of the N2 Wild Coast toll road (N2WCTR) project, which includes two mega bridges, stating that stoppages are counterproductive and not only costs contractors, but the entire country. “The very purpose they [infrastructure... 

Aveng finalises disposal of Automation & Control Solutions

By: Creamer Media Reporter      7th September 2021 Construction and engineering group Aveng has finalised the disposal of the Automation & Control Solutions business to a consortium of private investors for R70-million. Aveng received an initial payment of R56-million on September 6, with the balance to be paid within 45 days. 

Aveng says growth platform in place as it reports first positive earnings since 2014 

By: Terence Creamer     31st August 2021 Infrastructure and contract mining group Aveng reported headline earnings of R751-million for the year to June 30, 2021, the company’s first positive headline earnings performance since June 2014. The JSE-listed group, which has undergone far-reaching restructuring since 2017, has two remaining... 

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