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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... 

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 engineering & construction. Jonker grew up in Rustenburg and from a very early age, learnt to be... 

Medupi power station project, South Africa – update

By: Sheila Barradas     20th August 2021 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. 

Aveng expects to report improved full-year earnings

By: Donna Slater     13th August 2021 Infrastructure, resource and mining solutions company Aveng expects its basic earnings for the financial year ended June 30 to be between 177% and 189% higher year-on-year, at between R860-million and R998-million. That compares with a basic loss of R1.12-billion reported for the 2020 financial... 

Medupi power station project, South Africa – update

By: Sheila Barradas     13th August 2021 Unit 1, the last of six generation units of the Medupi power station, has attained commercial operation status. 

Aveng sustains earnings recovery into second half 

By: Terence Creamer     30th June 2021 Infrastructure and contract mining group Aveng reports that its earnings recovery – initially reflected in December interim results that showed positive earnings for the first time since 2014 – is continuing. In a trading update, the JSE-listed group reports that revenue and earnings before... 

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