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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]

Cabinet says final decision on e-tolls has not been made

13 Oct 2021 /  Roy Cokayne   22
Despite transport minister stating that the system cannot be scrapped.

The ‘relative value’ manager who still sees considerable upside on the JSE

2 Oct 2021 /  Justin Brown   8
Despite the recovery in local equities, the Excelsia Equity 27Four fund still sees many South African equity opportunities.

Wild Coast toll: Ramaphosa asks communities not to disrupt govt infrastructure projects

27 Sep 2021 /  Roy Cokayne   20
Says Eastern Cape mega road development is set to create 8 000 full-time jobs and up to 28 000 indirect jobs.

New Mtentu Bridge contract under adjudication by Sanral

14 Sep 2021 /  Roy Cokayne   21
But Aveng-Strabag JV and Sanral are squaring up for a possible court battle over the original contract.

M&R expects 50% jump in revenue in its 2022 financial year

UPDATE
3 Sep 2021 /  Roy Cokayne   1
Reports growth in its order book to a record R60.7bn.

Aveng eyes share consolidation by mid-December

1 Sep 2021 /  Roy Cokayne   3
After several rights issues it has more than 60bn shares in issue.

Construction VRP is either ‘dead’ or ‘alive and kicking’

27 Aug 2021 /  Roy Cokayne   5
Industry bodies believe the programme can be incorporated into a construction industry master plan.

Penny stock Aveng surges to profit

16 Aug 2021 /  Simon Brown   
Thungela CEO July Ndlovu unpacks a strong first set of listed results for the coal miner. Andre Cilliers, director of TreasuryOne, talks the rand as it weakens towards R15/$. Sanlam Private Wealth's Nick Kunze on Aveng as it surges to profit, Massmart struggling with gains.

Aveng appears to be on the road to rehabilitation

1 Jul 2021 /  Roy Cokayne   10
Turnaround is resulting in consistent operational and financial improvement.

Best performing shares since January

15 Jun 2021 /  Adriaan Kruger   6
But you might want to take some of these figures with a big pinch of salt.

Construction starts on Richards Bay titanium dioxide plant’s R200m first phase

7 May 2021 /  Suren Naidoo   5
Cairo-based Afreximbank is backing the project with initial funding of $2m (around R28.5m) as is the Department of Trade and Industry.

Aveng aims to raise R300m in rights issue

26 Jan 2021 /  Nqobile Dludla, Reuters   3
Aims to materially improve its SA liquidity pool.

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.

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