Aveng
latest news & developments
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.
Aveng profit lower as manufacturing unit hit
Aveng posted a drop in full-year profit on Wednesday as lower volumes and falling steel prices hit its manufacturing and processing business.
Aveng fined R46m for collusion
Construction and engineering group Aveng has been fined R46,3-million — in terms of a consent agreement — for collusion, it was reported on Friday.
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…
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…