News of yet another principal contractor entering business rescue with tens of millions in debt puts scores of sub-contractors at risk, says MBA North.
More than a million of Corobrik’s Champagne PA clay pavers have been used in the second and third phase of the rehabilitation of Tembisa sidewalks in the City of Ekurhuleni, Gauteng.
Transaction agreements have been signed for the black-owned Masimong Group – which is led by SA Chamber of Mines president Mike Teke – to acquire a 51% interest in the Liviero Group, South Africa’s largest privately owned construction, civil engineering and contract mining business, for an undisclosed sum.
Reflecting its growing experience and expertise in diverse sectors ranging from medical to retail, multi-disciplinary construction group Liviero has secured new building contracts at Natalspruit Hospital and at iconic Durban shopping centre The Workshop.
Multi-disciplinary construction group Liviero has secured two new civil engineering contracts totalling more than R280 million, both with strategic significance for the organisation.
The construction of the new Gauteng Industrial Development Zone near OR Tambo International Airport has commenced, with civil engineering contractor Liviero having turned the first sod at a ceremony attended by a host of local dignitaries.
Kyalami based Liviero Civils (Pty) Ltd, a member of the Liviero Group, , through its focus on people has achieved many of its empowerment targets. “Our goal is sustainable, committed Empowerment for years to come,” says Liviero Civils CEO Richard Saxby.
Construction group Liviero is set to end this year on a high note, with five new contracts recently added to its order book, including a R1,5 billion contract coal mining project for Keaton Mining and Energy Holdings.