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Incoming Aveng CEO Scott Cummins
No immediate plan to list Aveng in Australia, but future listing likely amid change in reporting currency to Aussie dollar
20th February 2024 By: Terence Creamer

JSE-listed Aveng, which recently relocated is management epicentre to Australia and changed its reporting currency from South African rands to Australian dollars, has no immediate intention of... 


Australian dollars
Aveng switches reporting currency to Australian dollar, expects increase in interim earnings
16th February 2024 By: Marleny Arnoldi

JSE-listed construction group Aveng has elected to change its reporting currency from the rand to the Australian dollar, effective from the six months ended December 31, 2023. With Aveng having... 


Image of the Medupi power plant at dusk
Medupi power station project, South Africa – update
9th February 2024 By: Sheila Barradas

Efforts are being made to return Medupi Unit 4 to service by the end of July 2024. 


Magazine cover image
Eastern Cape megabridges making steady construction progress after initial setbacks
19th January 2024 By: Marleny Arnoldi

Following delays and setbacks in recent years, roads parastatal South African National Roads Agency Limited (Sanral) restarted works last year on the Mtentu and Msikaba megabridges, in the Eastern... 


Magazine cover image
Eastern Cape megabridges making steady construction progress after initial setbacks
19th January 2024 By: Marleny Arnoldi

Following delays and setbacks in recent years, roads parastatal South African National Roads Agency Limited (Sanral) restarted works last year on the Mtentu and Msikaba megabridges, in the Eastern... 


Scott Cummins
Aveng shifts 'epicentre' to Melbourne as it names Cummins as new CEO
22nd November 2023 By: Terence Creamer

The locus of JSE-listed construction group Aveng is set to shift to Australia following the appointment of Scott Cummins, who currently leads McConnell Dowell, to succeed Sean Flanagan as CEO, as... 


Sappi chipping plant
Sappi announces new chair; posts record SA earnings, but lower group-wide profit
9th November 2023 By: Marleny Arnoldi

JSE-listed paper and packaging manufacturer Sappi has announced that nonexecutive director Nkululeko Sowazi will succeed Sir Nigel Rudd as independent chairperson, with from February 8 next year.... 


Image of Medupi power plant at night
Medupi power station project, South Africa – update
27th October 2023 By: Sheila Barradas

Electricity Minister Kgosientsho Ramokgopa has said that the country will receive a significant boost in 2024 with the earlier-than-expected return to service of Medupi Unit 4. 


Image of proposed Mtentu bridge
N2 Wild Coast Toll Road (N2WCTR) megabridge project – Mtentu bridge, South Africa – update
22nd September 2023 By: Sheila Barradas

The South African National Roads Agency Limited announced the restart of construction work on the Mtentu bridge contract in August 2023. 


Much pricier Mtentu Bridge construction restarts five years after Aveng walkout
25th August 2023 By: Irma Venter

The South African National Roads Agency Limited (Sanral) has announced the restart of construction work on the R4.05-billion Mtentu Bridge contract, in the Eastern Cape. The Aveng Strabag joint... 


An image of McConnell Dowell work
Aveng swings to a loss in ‘transitional’ year
22nd August 2023 By: Tasneem Bulbulia

Construction and engineering group Aveng has described the financial year ended June 30 as one of transition, characterised by a normalisation of operating activities as the group emerged from the... 


Artist rendering of the Mtentu Bridge
N2 Wild Coast Toll Road megabridge projects, South Africa – update
11th August 2023 By: Sheila Barradas

Work on the Mtentu bridge has started. 


Artist’s impression of the Mtentu Bridge
Much pricier Mtentu Bridge construction restarts five years after Aveng walkout
7th August 2023 By: Irma Venter

The South African National Roads Agency Limited (Sanral) has announced the restart of construction work on the R4.05-billion Mtentu Bridge contract, in the Eastern Cape. The Aveng Strabag joint... 


Aveng to swing to full-year loss
21st July 2023 By: Tasneem Bulbulia

JSE-listed Aveng expects to report a loss a share and a headline loss a share for the financial year ended June 30, compared with earnings a share of 106c and headline earnings a share of 252c... 


Image of TechnoGirl Trust CEO Staff Sithole
Mining partnerships improve STEM skills
12th May 2023 By: Cameron Mackay

Skills building programme TechnoGirl Trust is partnering with local mining companies to provide mentorship and other opportunities for young women interested in pursuing careers in the arenas of... 


Steel product produced by Trident Steel
Aveng disposes of Trident Steel for R1.2bn, eliminates South African debt
3rd May 2023 By: Schalk Burger

Infrastructure and resources company Aveng has completed the disposal of steel solutions company Trident Steel for R1.22-billion. "Post the closing of the sale of Trident, Aveng’s South African... 


Pupil’s heartfelt pledge secures greater sponsorship for New Brighton school
25th April 2023

A heartfelt pledge by Grade 11 pupils to make full use of their new smart learning devices has inspired the sponsor, the automotive catalyst business unit of materials technology company Umicore,... 


Aveng warns of operating loss as Philippines LNG project suffers further delays
13th April 2023 By: Schalk Burger

Infrastructure and resources company Aveng's share price on the JSE fell by more than 28% on April 13 after it announced that the underperforming Batangas liquefied natural gas (BLNG) terminal... 


Aveng CEO Sean Flanagan
Aveng on track to settle its legacy debt by June
21st February 2023 By: Darren Parker

JSE-listed Aveng remains on track to settle the remaining R353-million of its South African legacy debt this year, CEO Sean Flanagan said on February 21. At its height in 2018, this debt amounted... 


Aveng expects to report lower interim earnings
17th February 2023 By: Darren Parker

JSE-listed Aveng expects to report a 13% to 17% year-on-year drop in earnings for the six months ended December 31. In conjunction with the softer operating earnings and flat earnings for period,... 


Trident steel
Commission gives its approval for Trident Steel’s buyout of Aveng subsidiary
3rd February 2023 By: Darren Parker

The Competition Commission has approved the proposed transaction whereby steel maker Trident Steel subsidiary Trident Steel Africa (TSA) intends to acquire Aveng subsidiary Aveng Trident Steel... 


Moolmans enters into a new R7bn five-year contract with Tshipi é Ntle
31st January 2023 By: Creamer Media Reporter

Contract mining firm Moolmans, which is a subsidiary of JSE-listed Aveng, has entered into a new five-year contract, valued at about R7-billion, with its long-standing client and South African... 


Aveng’s Australian subsidiary secures new work
13th October 2022 By: Tasneem Bulbulia

JSE-listed Aveng’s Australasia-based subsidiary McConnell Dowell has increased its work in hand as at September 30 by 39%, to $3.5-billion (about R40-billion), after successfully securing... 


Trident Steel
Aveng confirms R700m deal to sell Trident after ‘protracted and difficult’ disposal process
5th October 2022 By: Terence Creamer

JSE-listed Aveng has entered into an agreement to sell Trident Steel as a going concern for R700-million, following what it acknowledges to have been a “protracted and difficult” disposal process... 


Aveng’s strong full-year performance positions it well for long-term growth
23rd August 2022 By: Tasneem Bulbulia

JSE-listed Aveng says improved revenues, gross margins and operating earnings, combined with strong cash generation, were underpinned by a stronger capital base in the financial year ended June 30.... 


The New Bridgewater bridge visualisation
Aveng’s McConnell Dowell awarded A$600m bridge project in Tasmania
19th July 2022 By: Darren Parker

Construction company Aveng’s subsidiary McConnell Dowell has been awarded a A$600-million contract to deliver Tasmania’s largest-ever transport infrastructure project – the New Bridgewater bridge.... 


Aveng receives R282m settlement payment for outstanding claim
6th July 2022 By: Schalk Burger

 JSE-listed construction engineering group Aveng says it has reached settlement on and received payment of R282-million for a long-outstanding claim, which was previously disclosed in its December... 


Image of Medupi units
Medupi power station project, South Africa – update
17th June 2022 By: Sheila Barradas

Eskom’s actions to rectify major boiler defects at its newly built Medupi and Kusile power stations are improving the plants’ energy availability factor. 


Aveng in advanced negotiations to dispose of Trident Steel
13th June 2022 By: Donna Slater

Infrastructure and contract mining group Aveng is in advanced-stage negotiations with a credible buyer for its Trident Steel business – a division of Aveng Africa – as a going concern. The... 


Image of Medupi power plant
Medupi power station project, South Africa – update
10th June 2022 By: Sheila Barradas

The African Development Bank has said that Medupi will never make a profit because of delays, design defects and increasing opposition to coal-fired electricity generation. 


Image of Medupi power station
Medupi power station project, South Africa – update
27th May 2022 By: Sheila Barradas

Eskom has reported that it has implemented repairs and fixes to generation units 1 to 3 at the Medupi power station. 


Image of Concor CEO Lucas Tseki
‘Almost inconceivable’ cancellation of Sanral projects to lead to ‘major delays’, says Concor CEO 
20th May 2022 By: Irma Venter

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... 


Stefanutti reaches settlement in Green Point Stadium civil case
18th May 2022 By: Tasneem Bulbulia

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... 


Aveng CEO Sean Flanagan
Aveng narrows offshore listing focus to Australia and Singapore
22nd February 2022 By: Terence Creamer

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... 


Aveng to post lower interim earnings
14th February 2022 By: Marleny Arnoldi

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... 


Aveng grows order book, expects solid interim performance
20th January 2022 By: Marleny Arnoldi

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
22nd October 2021 By: Simone Liedtke

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... 


Beowolf Mining
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... 


An image of Cyril Ramaphosa
President urges communities to support N2 toll road project
23rd September 2021 By: Yvonne Silaule

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... 


Aveng finalises disposal of Automation & Control Solutions
7th September 2021 By: Creamer Media Reporter

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... 


Photo of Sean Flanagan
Aveng says growth platform in place as it reports first positive earnings since 2014
31st August 2021 By: Terence Creamer

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.... 


Women making strides in engineering & construction
25th August 2021

This Women’s Month, we celebrate Yolandi Jonker, Business Development Executive at RIB CCS, as she talks about her successful and enriching journey in the predominantly male-dominated industry of... 


Image of Eskom's Medupi power station and Matimba power station in background
Medupi power station project, South Africa – update
20th August 2021 By: Sheila Barradas

Eskom confirmed on August 9 that an explosion at the Medupi power station's Unit 4 generator had resulted in extensive damage to the generator. 


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