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LATEST NEWS FOR Aveng Ltd.  

Aveng is an international infrastructure, resources and mining group capitalising on the expertise and experience of our core businesses in growing markets in sub-Saharan Africa, Australia, New Zealand and Pacific Islands and Southeast Asia.... [more info]

Booming PGMs boost Tharisa and have we tamed inflation?

1 Dec 2020 /  Simon Brown  
FNB's Chantal Marx talks Aveng results and JP Morgan turning bullish on SA Inc. Tharisa CEO, Phoevos Pouroulisas, on the PGM and chrome earnings boom. Old Mutual's Izak Odendaal on what's driving inflation.

Aveng unlikely to deregister from JSE in the short term

1 Dec 2020 /  Roy Cokayne   5
Focusing on getting to a ‘sustainable operating profit of R1bn per annum’ for now.

Competition settlement: Only two construction firms up to date on payments

30 Nov 2020 /  Roy Cokayne   3
'Each company must plead its own case for deferment' – Safcec.

Aveng to embark on rights offer to raise R300m minimum

26 Nov 2020 /  Roy Cokayne   12
Capital raise is part of a plan to restructure its debt and recapitalise the group

Supreme Court rules in favour of Sanral after contractors claim force majeure

23 Nov 2020 /  Ciaran Ryan   4
This follows community activists disrupting construction work on the Wild Coast Mtentu bridge project.

New twist in R429m civil damages claim against construction companies

28 Sep 2020 /  Roy Cokayne   8
Claim against WBHO, Aveng and Stefanutti Stocks relates to collusion and bid-rigging ahead of 2010 Fifa World Cup.

Eskom COO Jan Oberholzer cleared and vindicated

21 Sep 2020 /  Chris Yelland   7
By Eskom report as well as court judgment, while so-called whistleblower eyeing millions is 'taking legal advice on this matter'.

Where are the risks lurking on the JSE?

29 Jun 2020 /  Hilton Tarrant    3
The most financially stressed small and mid-cap companies …

Acsa to slash capex budget by 95%

22 Jun 2020 /  Roy Cokayne   6
A further blow for the construction sector.

Aveng secures Au$1bn in contracts this year

15 May 2020 /  Roy Cokayne   5
And settling two long-standing claims releases Au$41.5m cash to the group.

Covid-19 disrupts Group Five’s business rescue process

8 May 2020 /  Roy Cokayne   1
First distribution delayed and sale of Everite suspended.

Sanral optimistic about its construction tenders proceeding

6 May 2020 /  Roy Cokayne   3
Industry is less confident – although it would be a life raft for the floundering sector.

Grinaker-LTA’s new owners confident it will meet turnover targets

28 Apr 2020 /  Roy Cokayne   5
Payments to Aveng for the business 'not affected' for now.

Aveng lodges R40m claim against Eskom

15 Apr 2020 /  Roy Cokayne   6
For non-payment related to Majuba rail contract.

Aveng to stop mining activities during South Africa lockdown

26 Mar 2020 /  Nqobile Dludla, Reuters   1
'Revenue will be reduced through this period until projects restart'.

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