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Raubex right sizes road rehab division as lower Sanral work volumes bite

Raubex right sizes road rehab division a...

JSE-listed Raubex Group continued to experience challenging conditions in the South African construction industry in the six months ended August 31, particularly in the road construction sector, reporting a 57.4% decline in operating profit to R157-million, compared with the R370-million profit recorded for the first half of the 2018 financial year. The low volume of work during the period under review resulted in the group’s rightsizing of its asphalt and bitumen supply operations to adjust to the current level of demand. During the period under review there was a significant reduction in the volume of work brought out to tender by the South African National Roads Agency Limited Sanral ....

JSE-listed Raubex Group continued to experience challenging conditions in the South African construction industry in the six months ended August 31, particularly in the road construction sector, reporting a 57.4% decline in operating profit to...

JSE-listed Raubex Group continued to experience challenging conditions in the South African construction industry in the six months ended August 31,...

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Raubex Group Posts Half Year Revenue of R4, 48 Billion, Down 4 Pct.

Raubex Group Posts Half Year Revenue of ...

Oct 29 Reuters - Raubex Group Ltd RBXJ.J : JSE: RBX - UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2018 H1 REVENUE DOWN 4, 0% TO R4, 48 BILLION H1 ORDER BOOK OF R8, 41 BILLION H1 2018: R7, 52 BILLION INTERIM DIVIDEND OF 12 CENTS PER SHARE DECLARED H1 HEPS DOWN 72, 8% TO 35, 7 CENTS PER SHARE RAUBEX GROUP SAYS CONTINUED TO EXPERIENCE VERY CHALLENGING CONDITIONS IN SOUTH AFRICAN CONSTRUCTION INDUSTRY, PARTICULARLY IN ROAD CONSTRUCTION SECTOR RAUBEX - WITH CONDITIONS IN SOUTH AFRICAN CONSTRUCTION SECTOR RESTRAINED, GROUP IS EXPECTING A CHALLENGING SECOND HALF OF YEAR LOW VOLUME OF WORK EXPERIENCED DURING H1 RESULTED IN GROUP'S ASPHALT and BITUMEN SUPPLY OPERATIONS BEING...

Oct 29 Reuters - Raubex Group Ltd RBXJ.J : JSE: RBX - UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2018 H1 REVENUE DOWN 4, 0% TO R4, 48 BILLION H1 ORDER BOOK OF R8, 41 BILLION H1 2018: R7, 52 BILLION INTERIM DIVIDEND OF 12 CENTS PER...

Oct 29 Reuters - Raubex Group Ltd RBXJ.J : JSE: RBX - UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2018 H1 REVENUE DOWN 4, 0% TO R4,...

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Construction mafia disrupts construction projects

Construction mafia disrupts construction...

Following several reports of the so-called construction mafia that has been disrupting construction projects countrywide, demanding that 30% of the project value should be awarded to local companies, President Cyril Ramaphosa has slammed this conduct and called for consequences in situations where individuals “disrupt work projects demanding a 30% stake”.In some instances the groups, calling themselves business forums, seek control of the full 30%, with the aim of distributing jobs and contracts among local workers and business people themselves. While these incidents started in KwaZulu-Natal, with the Delangokubona Business Forum playing a prominent role, they are now prevalent in several...

Following several reports of the so-called construction mafia that has been disrupting construction projects countrywide, demanding that 30% of the project value should be awarded to local companies, President Cyril Ramaphosa has slammed this...

Following several reports of the so-called construction mafia that has been disrupting construction projects countrywide, demanding that 30% of the...

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