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]

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'.

Aveng: State’s approach to construction mafia is ‘contradictory’

26 Feb 2020 /  Roy Cokayne   15
Government moots using Prevention of Organised Crime Act; listed group claims Sanral wants to pass all the risk onto contractors.

Aveng execs get R17.7m in bonuses

20 Dec 2019 /  Larry Claasen   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

12 Nov 2019 /  Roy Cokayne   1
Renewable energy projects are driving its improved financial performance.

Few signs of building and construction sector crisis abating

18 Oct 2019 /  Roy Cokayne   2
Civil engineering segment sees confidence slump to record low in Q2.

SA’s corporate meltdown

17 Oct 2019 /  Peter Armitage   34
Why these 20 high-profile companies' share prices have tanked, with billions of rands vaporised.

Government owes construction contractors R5.5bn

19 Sep 2019 /  Roy Cokayne   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

30 Aug 2019 /  Roy Cokayne   10
Group expects to achieve an operating profit in second half of 2020 financial year.

Losses more than double at Aveng

29 Aug 2019 /  Onke Ngcuka, Reuters   4
Construction company reports a net operating loss of R1.1bn for the year to June 30.

Rand slips further against dollar

7 Aug 2019 /  Moneyweb  
However, the gold counters picked up as the gold price hit $1,500/oz.

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