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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... 


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... 


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... 


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... 


Moolans image
Moolmans enters a new five-year manganese mining contract with Tshipi é Ntle
24th February 2023

In line with its vision to be the premier mining contractor in Africa, Moolmans, the South Africa-based contract mining subsidiary of the Aveng group, has entered a new five-year contract with... 


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... 


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 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.... 


Performance and payment security in the mining industry: an alternative approach
4th May 2022

By Tyron Theessen and Megan Jarvis, Partners at Webber Wentzel There are various options open to mining companies seeking protection against non-performance by a contractor, and contractors seeking... 


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... 


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... 


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.... 


Aveng CEO Sean Flanagan
Aveng sustains earnings recovery into second half
30th June 2021 By: Terence Creamer

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... 


Aveng raises R100m in follow-on rights offer
8th June 2021 By: Marleny Arnoldi

JSE-listed Aveng has successfully completed its follow-on rights offer on June 4, raising total new capital of R100-million. The follow-on rights offer comprised of R89.5-million of follow-on... 


Aveng CEO Sean Flanagan
Aveng hopes to build on first positive earnings since 2014 as restructuring nears end
23rd February 2021 By: Terence Creamer

Infrastructure and contract mining group Aveng, which is at the tail-end of a far-reaching restructuring exercise that has been under way since 2017, has reported its first positive earnings since... 


Tumi Tsehlo
After rocky start, empowered valves manufacturer sees green shoots
5th February 2021 By: Terence Creamer

After fulfilling, in November 2019, all the conditions precedent to finally consummate the R165-million acquisition of valve manufacturer Dynamic Fluid Control (DFC) from Aveng the new black owners... 


Tumi Tsehlo
After baptism of fire, empowered valves manufacturer on road to recovery
19th January 2021 By: Terence Creamer

After fulfilling, in November 2019, all the conditions precedent to finally consummate the R165-million acquisition of valve manufacturer Dynamic Fluid Control (DFC) from Aveng the new black owners... 


CEO Sean Flanagan
Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite
30th November 2020 By: Terence Creamer

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... 


Aveng's shares rise on recapitalisation, restructuring progress
25th November 2020 By: Creamer Media Reporter

Infrastructure and resources company Aveng's share price on the JSE rose by 50% on Wednesday, after it announced that it was making progress with its balance sheet restructuring and... 


Takalani Randima
Takalani Randima
28th August 2020

This week we profile Takalani Randima, GM at Shaft Sinkers Mining, which is involved in shaft sinking projects, including the construction of shaft and underground infrastructure. The company also... 


Bheki Mdlalose
Bheki Mdlalose
29th May 2020

This week we profile Bheki Mdlalose, Group MD of Grinaker-LTA, which is involved in engineering, construction and concessions 


Moolmans remobilises after lockdown, but Aveng warns of liquidity risks
14th May 2020 By: Terence Creamer

Construction and engineering group Aveng reports that the group’s South African contract-mining subsidiary, Moolmans, has recommenced full operations at the majority of its opencast contracts,... 


Aveng CEO Sean Flanagan
Streamlined Aveng says core units are poised to grow as disposals taper
13th March 2020 By: Terence Creamer

Infrastructure and resources group Aveng, which is at the tail-end of a far-reaching restructuring exercise that has already resulted in disposals collectively valued at R1-billion, reports that... 


Kolosa Madikizela appointed as Managing Director of Pragma Africa
12th March 2020 By: Creamer Media Reporter

Kolosa Madikizela has been appointed as Managing Director for Pragma Africa after a brief stint away from the company. Her responsibilities will include the execution of the leading asset... 


Aveng CEO Sean Flanagan
Streamlined Aveng says core units are poised to grow as disposals taper
25th February 2020 By: Terence Creamer

Infrastructure and resources group Aveng, which is at the tail-end of a far-reaching restructuring exercise that has already resulted in disposals collectively valued at R1-billion, reports that... 


During construction
Aveng to consider legal options after Leonardo contract is terminated
24th January 2020 By: Tasneem Bulbulia

Infrastructure and resources company Aveng plans to seek damages from Legacy Group after it moved to terminate Aveng’s contract for the construction of the building, which is Africa’s tallest. The... 


Nafasi Water looks to future following rebranding
17th January 2020 By: Natasha Odendaal

As water technology and water utility services company Nafasi Water celebrates it rebranding post acquisition, CEO Suzie Nkambule reflects on the newly revamped strategy and focus moving forward.... 


Sale of Aveng’s noncore businesses to be completed in current financial year
22nd November 2019 By: Simone Liedtke

Global infrastructure and resources group Aveng’s Australian subsidiary McConnell Dowell continues to trade profitably and in line with expectations, and has met its budget for the first quarter of... 


Aveng Water rebranded as Nafasi Water
1st November 2019 By: Creamer Media Reporter

Black-owned water technology and water utility services company Nafasi Water, formerly known as Aveng Water, has formally unveiled its new name, identity and owners. Nafasi Water, owned and led by... 


Maintenance at centre of Sanral’s R40bn medium-term project pipeline
Maintenance at centre of Sanral’s R40bn medium-term project pipeline
1st November 2019 By: Irma Venter

The South African National Roads Agency Limited (Sanral) will issue tenders for roughly R40-billion of new projects over the next three financial years. These projects will focus on maintaining the... 


Aveng Water rebranded to Nafasi Water
Aveng Water rebranded to Nafasi Water
20th September 2019 By: Creamer Media Reporter

Southern African leading water treatment technology company Aveng Water is rebranding to Nafasi Water.  It was announced in the second quarter of 2019 that it had been sold to the 100% black-owned... 


Gamsberg mine and plant, South Africa
Gamsberg mine and plant, South Africa
30th August 2019 By: Sheila Barradas

The project is ramping up to its target capacity. 


Aveng CEO Sean Flanagan
Aveng nets R520m from disposals, says noncore sales to be wrapped up in 2020
29th August 2019 By: Terence Creamer

Infrastructure and resources group Aveng reported on Thursday that it had secured R520-million from the sale of six noncore businesses, as well as other assets, and that the process of disposing... 


GLOBAL COMPETITIVENESS 
South Africans should be proud that locally manufactured products can compete in the global market
Globalisation an export opportunity for local valves manufacturer
5th July 2019 By: Mc'Kyla Nortje

Amid the lack of infrastructure spending locally, valves manufacturer Aveng dynamic fluid control (DFC) welcomes globalisation as an opportunity to export its valves products to countries such as... 


MANUFACTURING IN SIGHT 
Intensive roll-out of infrastructure spend by government would be the ideal catalyst to create demand locally and increase manufacturing capacity
Asian imports putting industry under pressure
28th June 2019 By: Mamaili Mamaila

A notable increase in welded small-bore tubes and seamless pipes from Asia is exacerbating the pressure which South Africa’s steel tube and pipe industry has been under during the past three years,... 


Union gets set to oppose Necsa restructuring plan
28th June 2019 By: Rebecca Campbell

The National Education, Health and Allied Workers Union (Nehawu) has asserted that it had “reliably learnt” that the South African Nuclear Energy Corporation’s (Necsa’s) Board was proposing to... 


Gamsberg project, South Africa
Gamsberg project, South Africa
14th December 2018 By: Sheila Barradas

The Gamsberg zinc mine is ready to launch Phase 1. 


Proper training, upgrading skills essential in flooring industry
30th November 2018 By: Thabi Shomolekae

Training plays a significant role in the flooring industry as it reduces the risk and cost implications of replacing products installed incorrectly, says interior flooring supplier and installer... 


New Top Appointments For Murray & Roberts Underground Mining Platform
21st August 2018

Murray & Roberts Cementation reports that Mike da Costa was appointed as chief executive officer of Murray & Roberts’ Global Underground Mining Platform on August 1st, 2018. The Murray & Roberts... 


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Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

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Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

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GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

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