Reports of the demise of the construction industry in South Africa are greatly exaggerated, says construction giant Grinaker-LTA.
Further to Italtile’s binding offer ("Binding Offer") on 16 July 2016 to Ceramic, to acquire up to a further 74.5% of Ceramic´s issued share capital ("the Acquisition"), and as advised in the announcement published on SENS on 22 August 2017.
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, PPC wishes to announce that the Company and the CEO have agreed to part ways.
JSE civils and construction group, Esor, faced another challenging year to February 2017 with a mixed bag of highlights and lowlights.
Human error at Computershare is responsible for the approval of two resolutions that would have awarded some of PPC's BBBEE shareholders 4.4m shares in PPC at no cost.
WBHO will mentor three emerging contractors within its SA construction business as part of a settlement deal between the state and seven construction groups.
Both basic and headline earnings per share increased - by 24% to 2,05 cents and 6,8% to 2,15 cents, respectively - despite a drop in revenue to R666,3 million from R772,5 million this time last year.