Troubled construction firm Aveng loses contract for the tallest building in Africa

2020-01-09 18:08

The Leonardo owners have also called on the construction guarantee, a surety bond that Aveng put up when it signed the contract. This has put Aveng in the red by R87.4m.

Ramaphosa will act against armed gangs threatening construction, Presidency vows

2019-04-10 15:25

President Cyril Ramaphosa has promised to take action against armed gangs sabotaging construction and undermining investor confidence, spokesperson Khusela Diko has said.

Zuma turmoil makes it a good time to buy - HSBC

2017-05-31 07:09

While some stock investors may choose to flee SA as political turmoil engulfs President Jacob Zuma, HSBC analysts argue the noise makes it a good time to buy.

Cement sales jump as smaller builders buy

2015-07-09 13:25

First quarter cement sales have jumped as demand from smaller players made up for the slump in the building sector led by bigger companies.

Piet Viljoen talks markets: Aveng, Curro, Astral and more

2015-02-19 07:49

Piet Viljoen of RECM joined Alec Hogg to focus on the latest in the markets between today’s results, share prices and seeking value at the very best price.

Aveng earnings dip as strike bites

2014-07-03 07:52

Construction firm Aveng says full-year earnings fell by 10%, hit by weak demand from the strike-battered mining industry, while its shares dropped more than 4%.

Aveng appoints CEO

2014-02-12 14:10

The Aveng Group has announced the name of its new chief executive officer with immediate effect.

Not time to climb in – yet

2011-08-04 00:00

Aveng [JSE:AEG] has long been a defensive stock for investors seeking exposure to the construction industry. Yes, at some point investors actively wanted exposure to this sector. Believe it.


SAA in business rescue: What it means and its odds for survival

2019-12-05 07:44

In theory, government now loses all say over SAA.

BBC fuming over Aveng’s alleged lies

2018-01-21 05:53

The Black Business Council is fuming over alleged misrepresentation of facts by listed company Aveng in one of its recent public announcements.

BBC lashes out at govt over development deal

2016-10-14 18:58

The Black Business Council says it doesn’t back the state's new development fund deal with major construction firms due to conditions the agreement falls short of.

Aveng flags 50% profit drop, shares slump

2015-06-11 18:52

Shares in SA builder Aveng have plunged 16% after it flagged a 50% drop in full-year profit, citing labour disruptions and an industry-wide slump at home.

Aveng posts drop in earnings

2015-02-17 11:12

Aveng has reported a drop in half-year profit, hit by a slowdown in public building projects and spending in the mining sector as well as labour disruptions.

Labour unrest eats into Aveng profits

2014-02-25 12:09

Construction firm Aveng has reported a 21% drop in half-year headline earnings per share, hit by delays in public building projects and strikes.

Aveng feels building slump

2012-11-08 13:15

Construction group Aveng says its orders have fallen 9% since the end of June, reflecting the downturn that has hammered the construction industry.

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