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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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New twist in R429m civil damages claim against construction companies

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

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?

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%

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

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

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

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

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

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

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’

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

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

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

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

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.

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