Follow us on:

Company shares drop after bridge collapse

By Faeza
15 October 2015

The deadly collapse of a bridge in Sandton, north of Johannesburg did not only leave three people dead and 21 injured, but also downed the construction group contracted to build it.

Murray & Roberts Holdings’ shares dropped more than four and a half years after the bridge collapsed over M1 highway at Grayston Drive Sandton.

The stock dropped 7.3% to R11.15 at the close on the Johannesburg Securities Exchange, making it the worst since February 2011.

The company, the second largest in the country, has said in a statement that what collapsed was the framework, not the bridge itself.