Tag: Aveng

Aveng CEO: Where we see opportunities for growth, how we are going to consolidate debt

Embattled construction company Aveng has recorded a final year loss of R1.1 billion. The company has been struggling to regain ground after nearly folding in 2018. CNBC Africa’s Kopano Gumbi spoke to the CEO, Sean Flanagan for more.

Aveng disappoints with poor results

Mining and Construction Company Aveng has delivered another set of poor results .The group reported a headline loss per share of 6 cents and operating loss grew to R484 million from R94 million in the previous year. CNBC Africa reporter Kopano Gumbi spoke with the Aveng CEO and Chairman Erik Diack.

Aveng narrows FY loss in 2018

Aveng narrowed its annual loss in 2018 and reduced its debt by R1.5 billion. It says it’s still a going concern for the next 12 months despite the botched acquisition by Murray & Roberts, that many believed was its lifeline. CNBC Africa’s Fifi Peters discussed the results and the failed acquisition with Aveng Chair & CEO, Eric Diack.

Aton’s bid to dismiss M&R interdict denied

Aton’s bid to dismiss M&R interdict denied

Aveng unit says to lay off 120 workers

A unit of South African construction firm Aveng Ltd said on Friday it would cut 120 jobs mostly due to projects coming to an end and rebuffed a union’s claim that more...
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