2024
Operational epicentre of Aveng moved to Australia Aveng undergoes a major leadership change with the retirement of Sean Flanagan and the appointment of Scott Cummins into the CEO role. The company also announces the shift of its operational epicentre to Australia, while maintaining its listing on the Johannesburg Stock Exchange.
2019
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 […]
2018
Turnaround strategy implemented R493 million raised in rights offer Early redemption of R2 billion convertible bond Additional R400 million in bank debt secured Accuracy of cash flow forecasting improved Jet Park and Vanderbijlpark properties sold for R254 million
2017
The perfect storm Write-down of R5,1 billion in uncertified revenue triggered by under-recovery of QCLNG claims Board and executive management changes McConnell Dowell restructured under new management Aveng Capital Partners infrastructure investments sold to empowerment group Royal Bafokeng Holdings for R860 million
2013
The Adelaide Desalination Plant, Australia South Australia is one of the driest regions on the continent and frequently experiences water shortages as a result. In 2009 the South Australian government outlined several key components that would secure an independent and sustainable water supply for the region. The Adelaide Desalination Plant treats water through the process […]
2008
FNB stadium – a showpiece When South Africa was announced as the host of the 2010 FIFA World Cup, authorities decided that a new stadium befitting the prestigious tournament would be a necessary investment. “The jewel of Africa”, as it is now known, prioritises the experience offered to spectators, every seat guarantees an unrestricted view […]
2004
Alternate energy focus On the North Island of New Zealand lies Manawatu Gorge, a stunning passage with the unusual feature of a water gap, which runs directly through the surrounding mountain ranges. The gorge is also known as Te Apiti, which means “the narrow passage” in Maori, the language traditionally associated with the region. Built […]
2003
Nelson Mandela Bridge completed The early 2000s saw plans to rejuvenate Johannesburg’s inner city, beginning with the Newtown precinct that lies adjacent to the central business district (CBD). It was proposed that a bridge be constructed to link the CBD with Braamfontein – and thereby the rest of Johannesburg – as this would draw new […]
2000
Montecasino changes the entertainment landscape Montecasino, the iconic entertainment centre in Fourways, Johannesburg, built by Aveng Grinaker-LTA, opened its doors in 2000. The popularity of the complex grew rapidly, and today it attracts nearly 10 million visitors a year. As early as 2006 plans were developed to extend the complex at a cost of R260 million, […]
1992
Mining in Limpopo While more than 90 percent of South Africa’s platinum comes from the North West province, ventures in the neighbouring Limpopo province have also proved successful. The Sandsloot Platinum Mine is located on the edge of a large geological basin. Aveng Moolmans was awarded the biggest mining tender in Africa to date and […]
