Media Releases

Aveng nears completion of Sasol head office building project

Aveng Grinaker-LTA is on the brink of completing Sasol’s new global headquarters, Sasol Place, for the clients, the Sasol Pension Fund and co-developers Alchemy. Aveng Steel also played a significant role in the project with Aveng Steeledale supplying and fixing all of the reinforcing to the concrete structure and the structural steel procured through Aveng Trident Steel’s subcontractor.

Sasol Place, located on Katherine Street in Sandton, is one of the biggest office developments in…

Aveng Grinaker-LTA Civil Engineering completes Shondoni Mine contract

Aveng Grinaker-LTA’s Civil Engineering business unit, as the main contractor in a 50/50 joint venture with Aveng Grinaker-LTA Building, has completed the R533 million Shondoni mine surface infrastructure and building project for its client, Sasol Mining, who took occupation of the mine site in June 2016.

Liam Pieterse, Project Manager for Aveng Grinaker-LTA Civil Engineering, said: “The team was able to meet the stringent Project requirements and we received positive feedback from the…

Aveng turnaround starting to show results

AVENG FULL YEAR RESULTS FOR THE YEAR ENDED 30 JUNE 2016
AVENG TURNAROUND STARTING TO SHOW RESULTS

SALIENT FEATURES

• Strong improvement in safety performance
• Revenue declined by 23% to R33,8 billion (2015: R43,9 billion)
• Net operating earnings improved to a profit of R146 million (2015: loss of R288 million) with an improved gross margin
• Overheads reset for lower activity levels
• Headline loss per share improved by 48% to a loss of 75 cents…