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.
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.
Murray & Roberts’s two top executives pocketed millions and left the company with a nearly R2-billion loss, writes <b>Lisa Steyn</b>.
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.
