News Articles

Recovery programme is taking shape
12 September 2005
JSE listed building and construction company Aveng Ltd today released its Annual Results for the twelve months ended 30 June 2005. The group reported a 44% increase in operating profit and a 69% increase in headline earnings to 93,5 cents per share, demon...
Towards building sustainable value for all stakeholders
07 March 2005
JSE listed building and construction company Aveng Ltd today released its Interim Results for the six months ended 31 December 2004. The 12% increase in revenue to R6 664m contributed to a headline earnings growth of 55% to R133m. Strong growth in headlin...
Implementation of Aveng Black Economic Empowerment transaction
16 February 2005
AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number 1944/018119/06) ISIN: ZAE000018081 CODE: AEG ("Aveng" or the "company") Shareholders of Aveng are advised that all of the suspensive conditions relati...
Aveng cements BEE transaction
15 February 2005
JSE listed construction company Aveng Ltd announced today that the suspensive conditions relating to the proposed BEE transaction announced on 25 August 2004 have been completed. The deal, which was effective on 1 July 2004 entailed the sale of 25% of ...
Aveng today announced the appointment of Wendy Lucas-Bull as a non-executive director of the company
01 February 2005
Aveng Limited, the construction, steel and cement group, today announced the appointment of Wendy Lucas-Bull as a non-executive director of the company. Lucas-Bull will also sit on the Board Audit Committee. Lucas-Bull is well known for her successes i...
Aveng announced today that it has issued a R1 billion 7 year convertible bond
18 January 2005
Aveng Limited, the construction, steel and cement group today announced that it has issued a R1 billion 7 year convertible bond. The bond is targeting the international capital markets and will carry a coupon of 6.125% per annum. An application will be ma...
Aveng announced today that it has launched an offering of ZAR1 billion (equivalent to approximately US$165 million)
18 January 2005
Aveng announced today that it has launched an offering of ZAR1 billion (equivalent to approximately US$165 million) of guaranteed convertible Bonds due 2012 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,...
Headline earnings for the full financial year to June 2005 are expected to exceed that of the previous year
18 January 2005
AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number 1944/018119/06) ISIN: ZAE000018081 CODE: AEG ("Aveng" or the "company") TRADING STATEMENT Shareholders of Aveng ("shareholders") are re...
Aveng announced today that it had successfully concluded an agreement to introduce an empowerment consortium ...
25 August 2004
Aveng announced today that it had successfully concluded an agreement to introduce an empowerment consortium into its local construction and steel businesses. Aveng Limited, the construction, steel and cement group, announced today that it had successful...
Federal Court approves schemes of arrangement
01 August 2004
Aveng Limited's acquisition of the remaining 37% of Australian construction company, McConnell Dowell, was today sanctioned by the Australian court. This follows the approval by 87.4% of the minority shareholders given at last Friday's general meeting. ...