Racial edicts in the form of the current empowerment regime have been presented as a non-negotiable by President Ramaphosa, writes Terence Corrigan.
Morning clouds. Mild.
President Cyril Ramaphosa has promised to take action against armed gangs sabotaging construction and undermining investor confidence, spokesperson Khusela Diko has said.
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.
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 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.
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%.
The Aveng Group has announced the name of its new chief executive officer with immediate effect.
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.
The Black Business Council is fuming over alleged misrepresentation of facts by listed company Aveng in one of its recent public announcements.
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.
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 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.
Construction firm Aveng has reported a 21% drop in half-year headline earnings per share, hit by delays in public building projects and strikes.
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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