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LATEST NEWS FOR Aveng Ltd.  

Aveng’s primary geographic markets are South Africa and sub-Saharan Africa, Australasia and Southeast Asia. As the Group transitions to an international infrastructure and resources business, its main market sectors will be contract mining in sub-... [more info]
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Aveng execs get R17.7m in bonuses

Aveng execs get R17.7m in bonuses

Larry Claasen /
20 December 2019
  14
Troubled construction group says board approved incentives for top trio that were 'based on clearly defined performance criteria'.
Raubex’s construction focus pays dividends

Raubex’s construction focus pays dividends

Roy Cokayne /
12 November 2019
  1
Renewable energy projects are driving its improved financial performance.
Few signs of building and construction sector crisis abating

Few signs of building and construction sector crisis abating

Roy Cokayne /
18 October 2019
  2
Civil engineering segment sees confidence slump to record low in Q2.
SA’s corporate meltdown

SA’s corporate meltdown

Peter Armitage /
17 October 2019
  34
Why these 20 high-profile companies' share prices have tanked, with billions of rands vaporised.
Government owes construction contractors R5.5bn

Government owes construction contractors R5.5bn

Roy Cokayne /
19 September 2019
  33
Paying late – or not at all – is leading to job losses and business failures.
Aveng institutes legal action against SOE for non-payment of R50m

Aveng institutes legal action against SOE for non-payment of R50m

Roy Cokayne /
30 August 2019
  10
Group expects to achieve an operating profit in second half of 2020 financial year.
Losses more than double at Aveng

Losses more than double at Aveng

Onke Ngcuka, Reuters /
29 August 2019
  4
Construction company reports a net operating loss of R1.1bn for the year to June 30.
Rand slips further against dollar

Rand slips further against dollar

Moneyweb /
7 August 2019
However, the gold counters picked up as the gold price hit $1,500/oz.
Construction industry in survival mode

Construction industry in survival mode

Roy Cokayne /
18 July 2019
  23
'An absolute destruction of a sector never before seen on the JSE' – Industry Insight.
Sack the Necsa board before it wrecks the company – union

Sack the Necsa board before it wrecks the company – union

Ciaran Ryan /
14 June 2019
  5
A once model state-owned company is being ruined by design, say union members.
Value investing and the fine art of negativity

Value investing and the fine art of negativity

Ricco Friedrich /
18 April 2019
  2
Asking what could go wrong – thinking negatively – helps to reduce the impact of bad decisions and improves the overall returns of a portfolio.
Capitalising on low expectations

Capitalising on low expectations

Richard Court /
22 March 2019
  2
A portfolio of businesses the market doesn't expect much from can be described as a collection of businesses at recession-proof prices.
Group Five collapse signals South African construction demise

Group Five collapse signals South African construction demise

UPDATE
Janice Kew, Bloomberg /
13 March 2019
  5
With thousands of jobs at risk.

Engineers leave SA due to ‘construction mafia’

Antoinette Slabbert /
27 February 2019
  23
And Aveng prevented from working on the highest bridge on the continent. Desperate contractors appeal to Ramaphosa for help.
Five things making headlines in South Africa today

Five things making headlines in South Africa today

Moneyweb /
21 February 2019
Bracing for Moody's rating, Adcock Ingram, Woolworths and Discovery results, Aveng trading statement.

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