News Articles

Aveng to sell stake in Holcim South Africa
23 April 2007
Aveng Group (Aveng) and Holcim AG (“Holcim”) have reached an agreement for the disposal of Aveng’s 45.65% stake in Holcim South Africa (“Holcim SA”) at an implied enterprise valuation of R16.4 billion. This transaction res...
Aveng shows tangible evidence of turn around
05 March 2007
Aveng Group (Aveng) and Holcim AG (“Holcim”) have reached an agreement for the disposal of Aveng’s 45.65% stake in Holcim South Africa (“Holcim SA”) at an implied enterprise valuation of R16.4 billion. This transaction res...
Nkululeko Sowazi appointed non-executive director of the Aveng Group
05 March 2007
The Aveng Group today announced the appointment of Nkululeko Sowazi to its Board of Directors, effective 02 March 2007. Sowazi is a founding director and Chairman of TisoGroup, an empowerment company with strategic investments in the natural resource, inf...
Indiza Group reacts to exclusion from King Shaka Airport Evaluation process
18 December 2006
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Grinaker-LTA puts 2010 Soccer World Cup on track
17 December 2006
There has been much speculation about whether South Africa will be ready for the 2010 Soccer World Cup, but the public can rest assured that the main event stadium, Soccer City, will begin construction within the next two weeks. The City of Johannesburg h...
Aveng demonstrates strong participation in infrastructure boom
11 September 2006
Aveng Limited’s Annual Results for the twelve months ended 30 June 2006, released today, show that the group’s construction, steel and cement activities continue to benefit from buoyant demand. The group reported a 19% increase in total revenu...
Eddie du Rand appointed Managing Director of Grinaker-LTA Construction
18 April 2006
Eddie du Rand has been appointed Managing Director, Grinaker-LTA Construction following the retirement of Howard Jones at the end of March 2006. Grinaker-LTA Construction is a subsidiary of Aveng, a JSE-listed company with a multi-disciplinary exposure ac...
Aveng’s E+PC subsidiary awarded expansion project at Anglos’ Namakwa Sands
28 March 2006
Engineering & Projects Company (E+PC), a subsidiary of Aveng Limited, has been awarded the contract for the "Project 1000" upgrade at Anglo Operations Limited's subsidiary Namakwa Sands on the West Coast of South Africa. The total contract v...
Strong cash flow generation confirms success of turn around
06 March 2006
Aveng Limited’s Interim Results for the six months ended 31 December 2005 released today confirm that the group has maintained the momentum of its recovery programme. While the group reported a 14% increase in total revenue to R7,6 billion (Dec. 200...
Aveng Chairman's statement - AGM Friday 28 October 2005
28 October 2005
AVENG CHAIRMAN`S STATEMENT AVENG LIMITED REGISTRATION NUMBER: 1944/018119/06 INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA SHARE CODE JSE: AEG ISIN: ZAE 000018081 Our cement, steel and manufacturing businesses are maintaining the strong performance t...