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Disposal of non-core assets
- Announced sale of Aveng Infraset to 100% black-owned Colossal Africa Consortium for R180 million
- Repaid R200 million bank debt
- Aveng Rail sold to 100% black-owned Mathupha Capital for R133 million
- Aveng Water sold to 100% black-owned Infinity Partners for R85 million
- Dynamic Fluid Control to 100% black-owned Copaflo Fluid Control, for R114 million
- Duraset Alrode to Videx for R50 million
- Rand Roads to Ultra Asphalt for R37,5 million
- Ground Engineering (GEL) to GEL’s management and another shareholder for R7,5 million
- Announced sale of Building and Civil Engineering to 100% black-owned Laula Consortium for R100 million
- Repaid R100 million bank debt
- Renegotiated bank debt
- Announced sale of Mechanical and Electrical to Laula Consortium for R72 million
