The construction industry is a major employer in any growing economy. Within the South African context, the Master Builders Association of the Western Cape has established a proud tradition of producing skilled and semi-skilled people who have worked on major projects all over Southern Africa through training initiatives.
Peter Bennett has been appointed as Chief Executive Officer (“CEO”) of the Murray & Roberts Oil & Gas business platform and of Clough Limited with effect 1 February 2016 and will also join the Murray & Roberts Limited board.
While a clean-up operation to remove the rubble from the aftermath of the collapse of the bridge structure on the M1 freeway in Sandton continues this morning, the Minister of Transport, Dipuo Peters, has called on authorities to conduct a thorough investigation into the incident.
Since 2010, the Dutch construction company has completed around twenty projects in Nigeria, the Democratic Republic of the Congo, Gabon, Senegal, Rwanda and Ethiopia.
Wilson Bayly Holmes Ovcon reports a 13.5% decline in full-year headline earnings per share from continuing operations to R11.06.
Basil Read says it expects its interim results for the six months ended June 2015 to indicate a return to profitability.
Shares of Group Five plunge more than 14% on the JSE, as the construction company says annual profits will be sharply lower.