Bombela says a rebound hinges on vaccine and return-to-work developments and that money from government to cover the shortfall is capped
German firm Aton intends to make Murray & Roberts an offer at R15 a share to all the group’s shareholders
Construction firm Murray & Roberts will have to pay another R64-million in penalties for tender collusion on projects including the Cape Town Stadium.
At least two people have died after a temporary bridge over the M1 highway in Sandton, Johannesburg, collapsed.
Government is allowing the construction firms that colluded on mega-state projects to get off lightly, writes Lloyd Gedye.
The economic development minister says government is seeking a restitution package from colluding construction firms following a R1.5-billion fine.
SA’s biggest metals union is verging on a wage agreement with employers one week after embarking upon a strike, the department of labour says.
Construction company WBHO got off lightly for collusive tendering. But co-accused, Murray & Roberts’s Concor company, will not be as lucky.
The state has been caught between a brick and a hard place in its crackdown on long-running cartels in South Africa’s construction industry.
Recent results from South Africa’s biggest construction firms have made it clear that delays in issuing large tenders are hurting the sector.
While Eskom nestles on a R50-billion pile of money, everyone from manufacturers to residents are reeling as rising electricity prices hit home.
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/ 30 September 2011
The <i>M&G</i>’s readers weigh in on COP17, Percy Zvomuya’s article on the wealthy elite of European football, <i>The New Age</i> and more.
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/ 9 September 2011
Murray & Roberts’s two top executives pocketed millions and left the company with a nearly R2-billion loss, writes <b>Lisa Steyn</b>.
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/ 9 September 2011
Government has an R808-billion arsenal which it plans to use on maintaining and improving the country’s infrastructure over the next three years.
Zimbabwe has sacrificed one of its brightest hopes for economic recovery with its hardened approach on the takeover of foreign-held mines.
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/ 4 February 2011
For those who suspected that the feel-good times of June last year would in time bring some nasty hangover after the party, here it is.
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/ 13 October 2010
South African company Murray & Roberts on Wednesday said it was privileged to be part of the Chilean mine-rescue process.
SA firm Murray & Roberts has pulled out of a R5-billion contract in Dubai after failing to finalise ”acceptable” terms with a client.
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/ 11 December 2008
Murray & Roberts is planning to lay off 1 400 workers as tough economic conditions limit the firm’s ability to expand, it was reported on Thursday.
Remuneration report shows chief executives are rolling in it.
China is proving a much more effective player in Africa than South Africa, writes Lynley Donnelly.
Mbhazima Shilowa was in Derby this week to take delivery of the first Gautrain carriages, but the focus will soon shift to the East Rand town of Nigel
Mining counters gave the JSE some extra momentum on Wednesday, pushing the bourse more than a percent higher by midday. At noon, the JSE’s broader all-share index was 1,29% in the black, driven by a 5,45% rally in the platinum-mining index. Resources advanced 2,47% and the gold-mining index rose 1,07%.
The resources index kept the JSE in firmer territory by midday on Friday, enhancing the morning session’s gains. At noon, the JSE’s broader all-share index was up 1%, driven by the 1,75% advance in the resources index. The gold mining index recovered 0,06% but the platinum mining index gave up 0,23%.
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/ 28 February 2008
The gold mining index and industrials helped perk up the JSE by noon on Thursday, helping it to reverse its losses from the morning session. By noon, the JSE’s broader all share index added 0,62%. The gold mining index collected 1,86%, resources gained 0,35% but the platinum mining index pulled 0,96%.
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/ 20 February 2008
The JSE recovered some of its earlier losses by midday on Wednesday, as gold and resource stocks started to lift the market despite the negative global sentiment. Higher oil prices overnight spurred inflation worries among world markets, after oil closed above $100, prompting a global sell off in equities.