It might have been the biggest corporate scandal in recent years, but there is still one maverick construction firm holding out against the Competition Commission's collusion cops.
Major construction and engineering companies in SA bemoan the lack of significant public infrastructure spending, despite R4 trillion being earmarked for this over 15 years to drive basic service delivery.
Group Five is awarded a R4bn engineering, procurement and construction contract by Ghanaian energy group Cenpower Generation.
Group Five achieves an 'improved' six months ended December, as revenue growth is bolstered by energy sector and buildings work,according to CEO Mike Upton.
Business updates by construction firms show their order books have generally bulked up or remained stable.
Government's major infrastructure programme is likely to be better co-ordinated and to take place over a longer time frame than projects before the 2010 World Cup, says Group Five CEO Mike Upton.
Group Five intends becoming a 'diversified infrastructure company' rather than a pure construction contractor.
Group Five says its 'corrective actions' in the last financial year have set it on course for a stronger year in financial 2014.
Group Five reports an 88% rise in fully diluted headline earnings per share from continuing operations to 333c for the year ended June 2013‚ from 177c a year earlier.