SA’s construction mafia and how they can be stopped: Corrigan
In South Africa, the insidious grip of the construction mafia tightens, threatening not only businesses but the very fabric of society.
construction
🔒 Boardroom Talk: Insiders cash in by selling shares to ignorant believers in M&R’s turnaround story
Yesterday we discovered why when M&R disclosed it will report a loss for the half year to December due to supply chain disruption and delays in payments.
Viljoen on PPC – Piet answers a worried community member’s query
BizNews community member Steven van den Bergh fears he may have fallen into a trap with his PPC shares. Piet Viljoen had the following advice.
‘Working conditions are worse in SA than in Iran and Afghanistan’ – German firm Strabag International
For nearly a decade, local mafias have been demanding payouts of 30% of the contract value of many construction projects.
The door Down Under opens again for immigrants and construction is hot
Australia – which has seen one of the strictest lockdowns during the Covid-19 pandemic – finally fully opened its doors in February this year.
WBHO woes continue as losses skyrocket
South Africa’s premier construction group, WBHO reported what can only be described as disastrous numbers, reporting a loss of around R1.5bn.
Another expensive foray down under – WBHO pulls plug on Aussie unit and wipes off R1bn in value
Shares in WBHO Construction dived more than a quarter as it announced it is withdrawing financial assistance to its Australian business unit.
Aveng share consolidation confusion? Standard Bank’s Richard Hirsch explains
Standard Bank’s Richard Hirsch explains the implications of the Aveng 500:1 share consolidation that took place on the JSE today.
Construction survivor WBHO earnings balloon as pipeline diminishes
Construction survivor WBHO has returned to profitability with underlying earnings ballooning in the second half of the financial year.
Raubex CEO Rudolf Fourie on resilient results and prospects
Raubex CEO Rudolf Fourie unpacked the company results for the BizNews Power Hour. Fourie remains upbeat about what lies ahead for the construction group.