Latest articles on AVENG

Government wants more payments from colluding World Cup builders

The economic development minister says government is seeking a restitution package from colluding construction firms following a R1.5-billion fine.

Aveng takes action on collusion-scandal employees

Construction company Aveng has explained how it held executives and employees involved in anti-competitive behaviour accountable, says a report.

Skills crisis curbed Aveng’s reprisal

A scarcity of engineers forced the company to take muted punitive measures over collusion.

Construction: Ex-Aveng boss calls for more transparency

Former Aveng chief Roger Jardine says there needs to be greater transparency in government tender systems to lessen opportunities for collusion.

Aveng’s Roger Jardine quits after collusion investigation

Aveng chief executive Roger Jardine says he is stepping down following an investigation process which he found very taxing.

Construction suffers while state dithers

Government has an R808-billion arsenal which it plans to use on maintaining and improving the country's infrastructure over the next three years.

Aveng to pay R128,9m collusion fine

Aveng will pay a fine of R128,9-million relating to two cartels in the wire mesh and rebar business, the Competition Commission says.

The acid mine drainage solution bandwagon

As acid mine drainage threatens some of South Africa's major cities and waterways, technology providers are looking for cost-effective solutions.

Aveng full-year profit falls

Aveng, Africa's largest builder by market value, posted an 8% drop in full-year profit, hit by lower demand for construction projects.

Competition watchdog cracks down on cartel

Companies involved in a mining roof bolts cartel are being brought to book by the Competition Commission.

Aveng two-year order book swells, first-half profit drops

Aveng said on Wednesday its two year-order book rose by 8% to R32,7-billion despite construction projects related to 2010 World Cup coming to an end.

JSE pauses after strong run

The JSE was taking a breather on Tuesday after its recent strong rally, which took the bourse to successive record highs, as some profit-taking set in. However, earlier the all-share index hit yet another fresh record high when it touched 33 263,148. At noon, the JSE's all-share index was down 0,88%.

JSE seen consolidating at noon

The JSE remained firm by midday on Friday, with a trader saying that the market was consolidating after hitting record levels earlier this week. Starting from Wednesday, the bourse had two consecutive days of hitting all-time highs, but failed to close at its record peak of 32 130,75 points.

World markets, resources push JSE over 32 000

The JSE was trading just off its new record high by midday on Thursday as world markets and resources continued to add support. In the morning session, the bourse broke through Wednesday's record and hit a fresh high of 32 127.051 points. By midday, the all-share index had gained 0,8% to 32,112,15 points.

Overseas markets add support to JSE

Firmer global equities started to give the JSE support during the morning session on Friday, lifting the broader all-share index 0,91% by noon. Traders said that resource counters were also underpinning gains in the Alsi. By midday, the JSE's resources index collected 1,59%. The platinum-mining index strengthened 3,07% and the gold-mining index advanced 1,25%.

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