Aveng

Aveng CEO Sean Flanagan declared on Tuesday that the group’s balance sheet “is in the best shape it has been in over eight years” and added that “a loss-making, overgeared business that was underinvested in equipment, systems and people…

The Tirisano Construction Fund (TCF) board of trustees has appointed legal representatives to institute legal proceedings against JSE-listed construction and engineering group Aveng after it defaulted for three consecutive years on its…

The sale by JSE-listed construction and engineering group Aveng of its Trident Steel business for R700 million as a going concern is a major milestone in the turnaround of the group, says Aveng CEO Sean Flanagan. This follows Aveng…

FIFI PETERS: Earlier today Massmart, the retailer that owns Game and Makro…, announced that it is struggling to find a buyer for its Game stores in East and West Africa. Massmart said that it has been looking for a buyer for quite some…

JSE-listed construction and engineering group Aveng is showing signs that it is emerging from its recent financially troubled past and is poised for stronger growth. The group on Tuesday reported an almost 23% increase in work in hand to…

FIFI PETERS: Construction group Aveng released its annual results today, August 23, 2022. Revenues were higher and, while profits grew, they grew at a much slower pace than in the previous financial year. We have the CFO of Aveng,…

Shares in construction and engineering group Aveng advanced for a second day on Wednesday, closing over 6.6% up at R15.20, following the group’s JSE Sens announcement on Tuesday afternoon, related to the settlement of an uncertified claim…