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