News Articles

Aveng Reports Robust Performance Despite Significant Decline In Steel Prices
09 September 2009
Salient features Revenue increased by 14% to R33,8bn compared to R29,6bn in 2008 (5 year CAGR of 20%) Group operating profit declined by 13% to R2,1bn compared to R2,4bn in 2008 (5 year CAGR of 51%) Headline earnings decreased by 10% to R...
Aveng’s R1,45bn stadium completed on time
12 June 2009
Aveng is pleased to announce an inaugural match between the British and Irish Lions and the Southern Kings at the Nelson Mandela Bay stadium on Youth Day, Tuesday 16 June 2009. The invitational Eastern Cape side will be honoured with the chance to play ag...
R1.45bn Nelson Mandela Bay Stadium completed
12 June 2009
JSE-listed construction group Aveng’s R1,45-billion Nelson Mandela Bay stadium has been completed, and will host its first full capacity match on June 16, the company said on Friday. The Nelson Mandela Bay stadium is one of a number of stadiums t...
Mining Indaba
24 February 2009
The Mining Indaba was held at the CICC in Cape Town from the 9th to 12th February. This is the most important mining event in Africa and is the second largest conference and exhibition of its type in the world. Government delegations from across Africa an...
Aveng takes decisive action regarding Competition Commission findings
13 February 2009
The Aveng Group entered into a consent agreement with the Competition Commission yesterday to settle a complaint in respect of its finding against Infraset, a business unit within Aveng (Africa). Infraset, which manufactures a range of products for the co...
Aveng donates R3-million to CIDA for skills development
28 May 2008
Aveng Limited, one of the top three JSE-listed construction companies in South Africa, was showcasing its projects in preparation for the 2010 Soccer World Cup, today. The company invited several media and industry leaders on a tour of the Soccer City Sta...
Aveng appoints new Chief Executive Officer
16 May 2008
The Aveng board announced the appointment of Roger Jardine as Chief Executive Officer on 13th May. He will join the group with effect from 7th July 2008. Jardine completed a Master of Science (MSc) in Radiological Physics at Wayne State University, US in...
Interim Results 2008
10 March 2008
The Aveng Group demonstrated further improvements in its financial performance for the six months ended 31 december 2007, with a revenue increase of 29% to R13,7 billion and all operations showing growth. Operating profit increased by 46%, profit before t...
Positioned to benefit from infrastructure boom
09 October 2007
The Aveng Group announced today a revenue of R22,1 billion which reflected a 38% increase on the previous year as the group benefited from the continued boom in all areas of domestic and international construction with strong demand filtering through to t...
Share Repurchase Notice
11 September 2007
Announcement of a R3.5 billion voluntary offer from Rand Merchant Bank to shareholders followed by a specific repurchase of shares by Aveng...