Media Releases

  • 2021
  • 2019
  • 2018
  • 2017


Date Title Read More
Thursday 01 Jul 2021
01 July 2021

Turnaround is resulting in consistent operational and financial improvement.

Wednesday 30 Jun 2021
30 June 2021

Penny stock Aveng has shed its construction assets and looks nothing like the high-flying, highly indebted stock it once was. It is now on a more sustainable footing.

Wednesday 30 Jun 2021
30 June 2021

Infrastructure and contract mining group Aveng reports that its earnings recovery – initially reflected in December interim results that showed positive earnings for the first time since 2014 – is continuing.

Wednesday 30 Jun 2021
30 June 2021

The group is pleased with the results of its turnaround efforts, as well as the ability of its core businesses to win new contracts



Date Title Read More
Thursday 08 Aug 2019
08 August 2019

Johannesburg, 8 August 2019:   Global infrastructure and resources group, Aveng Limited today announced yet another non-core asset disposal with the sale of the Grinaker LTA Building and Civil Engineering business (Aveng Grinaker-LTA Construction) to the Laula Consortium (“Laula”) for a net amount of R100 million.

Wednesday 07 Aug 2019
07 August 2019

Marking yet another milestone in its plans to futureproof the Aveng Limited (“Aveng”) business, Chief Executive Sean Flanagan, today announced that the company had entered into a binding agreement to sell the business related to the Aveng Duraset Alrode operation (“Duraset Alrode”) to Videx Wire Products Proprietary Limited (“Videx”) for a cash amount of R50 million, subject to certain contractual conditions.

Friday 12 Jul 2019
12 July 2019

Johannesburg, 12 July 2019: Global infrastructure and resources group, Aveng Limited today said it had reached another milestone in its strategy to focus on core businesses with the announcement that it had signed separate binding agreements to sell the Aveng Grinaker-LTA’s Rand Roads (“Rand Roads”) and Ground Engineering businesses (“GEL”).

Friday 05 Jul 2019
05 July 2019

Aveng Dynamic Fluid Control Proprietary Limited to be sold to Copaflo Proprietary Limited for R165 million.

Thursday 27 Jun 2019
27 June 2019

Johannesburg, 27 June 2019: Aveng is pleased to announce that the sale of its Water business to 100% Black-owned Infinity Partners has been concluded. All conditions precedent have been met, and a payment of R85 million was received on Tuesday 25 June 2019.

Wednesday 20 Mar 2019
20 March 2019
Johannesburg, 20 March 2019: Effective 1 April 2019, Jerome Govender has been appointed as Managing Director for Moolmans, Aveng’s mining arm and one of the Group’s two core businesses.
Monday 25 Feb 2019
25 February 2019

“Our strategy remains firmly focused on improving and optimising the performance of our two core businesses. McConnell Dowell has shown improvement in the consistency of project execution and is well positioned to secure additional work in the near term.

Monday 18 Feb 2019
18 February 2019
Johannesburg, 18 February 2019: Aveng today announced the sale of 100% of its manufacturing business unit, Aveng Infraset, including the Infraset businesses in South Africa, Zambia, Mozambique, Swaziland and Zimbabwe, as going concerns to Colossal Africa Consortium for a total value of R200 million. Link
Monday 21 Jan 2019
21 January 2019
''McConnell Dowell’s latest contract awards reaffirm the disciplined growth agenda of the business and reflect the growing momentum and demand for its specialist capabilities against a backdrop of strong competition across its operating regions,'' said Eric Diack, Executive Chairman of Aveng. Link
Friday 18 Jan 2019
18 January 2019
Johannesburg, 18 January 2019: Aveng Limited (Aveng or the Group) has today announced the sale of 100% of Aveng Water Proprietary Limited and the Aveng Namibia Water business to Cambrose 735 Proprietary Limited, a special purpose vehicle incorporated as a private company (Infinity Partners), for a cash consideration of R95 million. Link


Date Title Read More
Wednesday 31 Oct 2018
31 October 2018
The law will not be violated when conducting business for or on behalf of the Aveng Group.Safety is paramount, never to be compromised in the pursuit of any other objective. Download
Wednesday 03 Oct 2018
03 October 2018

Johannesburg, 2 October 2018: Aveng has entered into a sale and purchase agreement with 100% black-owned Mathupha Capital Proprietary Limited (Mathupha Capital) for Aveng’s Rail business for a cash consideration of R133 million.

Tuesday 25 Sep 2018
25 September 2018

Salient features

  • Sustainable capital structure achieved
  • R493 million rights issue completed
Tuesday 27 Feb 2018
27 February 2018

Salient features

  • Strategic review complete and implementation underway
  • Revenue increased by 13%, with improved gross margin
Wednesday 07 Feb 2018
07 February 2018

Aveng hosted a prize-giving ceremony at Photo Primary School in Jane Furse, Limpopo on Friday, 2 February 2018. The prize-giving acknowledged the excellent achievements of the 2017 Grade 12 learners from the Aveng-sponsored Kutlwanong Maths, Science and Technology Centre.



Date Title Read More
Friday 20 Oct 2017
20 October 2017

The law will not be violated when conducting business for or on behalf of the Group.

Tuesday 26 Sep 2017
26 September 2017

Salient features

  • Net loss of R6,7 billion and headline loss of R6,4 billion
  • Non-cash impairments and write-downs on long-outstanding uncertified revenue of R5,9 billion
Tuesday 12 Sep 2017
12 September 2017

The appointment of Mashudu Musetsho as Aveng Manufacturing’s first female factory manager is a clear demonstration of the progress the company has made in advancing its transformation strategy and of its commitment to transforming the workplace.

Monday 14 Aug 2017
14 August 2017

Aveng Infraset has begun with the construction of a multi-million-rand concrete roof tile manufacturing facility on its premises in Effingham, Durban. The new roof tile factory will provide the KwaZulu-Natal roof tile market with high quality, affordable roof tiles, addressing housing and building needs in the region. It will also deploy the latest roof tile manufacturing and packaging technology.

Monday 20 Feb 2017
20 February 2017

Salient features

  • Strong safety performance
  • In line with projections, revenue declined by 21% to R14,3 billion (2015: R18,0 billion)
Thursday 09 Feb 2017
09 February 2017

The Aveng Water operations team working on the Middelburg Water Reclamation Project (MWRP) with an initial five-year Operations & Maintenance (O&M) contract for South 32, has since its inception not recorded a single lost time injury (LTI), proving that the project team is dedicated to upholding high safety standards.

Monday 06 Feb 2017
06 February 2017

Aveng hosted a prize-giving ceremony at the Jane Furse Comprehensive School in Jane Furse, Limpopo on Thursday, 2 February 2017. The event was attended by representatives from the Limpopo Department of Education together with the Local Mayor for the Sekhukhune District Municipality, Cllr M. Bahula and the Executive Mayor of Sekhukhune District Municipality, Cllr Keamotseng Stanley Ramaila who delivered the keynote address. The prize giving acknowledged the excellent achievements of 2016 matric learners from the Aveng-sponsored Rebone Kutlwanong Centre.

Tuesday 24 Jan 2017
24 January 2017

Lucara Diamond Corp. (“Lucara” or the “Company”) is pleased to announce the appointment of a new mining contactor at its Karowe mine in Botswana, Moolman Mining Botswana (Pty) Ltd (“Aveng Moolmans”).  Aveng Moolmans, a wholly owned subsidiary of Aveng Mining have been contracted for a 6 year period to provide the full suite of mining services at the Karowe mine, including all drill, blast, load and haul functions for both ore and waste. Aveng Moolmans will start to mobilise equipment to site during January and February 2017 with the full mining activities commencing on March 1, 2017.