AVENG FULL YEAR RESULTS FOR THE YEAR ENDED 30 JUNE 2016
Aveng Group will announce annual results on 23 August 2016 at 09:00.
A live webcast will be available on http://www.corpcam.com/Aveng23082016
Aveng Grinaker-LTA’s Mechanical & Electrical (M&E) business unit has recently been awarded several maintenance and shutdown contracts and electrical and instrumentation installation projects at Sasol.
Aveng embraces its responsibility to play a meaningful role in the socio-economic development of the country and its people. The Aveng Community Investment Trust has supported the LEAP School in the Diepsloot area in Gauteng for five years. This school has been the best performing school in Diepsloot for the past two years, with maths and science results well beyond the norm achieved in this community. It is a testament to the dedication and commitment of the learners, teachers and parents.
Aveng Grinaker-LTA’s Mechanical & Electrical Engineering division, working in partnership with Aveng Botswana, was selected as the preferred Electrical and Instrumentation (E&I) contractor for the Letlhakane Mine Tailings Resource Treatment Plant project. The scope of work includes the supply and installation of electrical and instrumentation equipment at the Debswana mine. The contract will take nine months to complete.
Suzie Nkambule was recently appointed to the position of General Manager at Aveng Water. She is a trained Civil Engineer with a keen interest in the infrastructure development sector. Suzie has spent the past five years honing skills critical to her rapid career advancement as a business, operational risk and strategic planning practitioner within the sector, and specifically in her various roles at Aveng.
In February 2016, Aveng Grinaker-LTA’s Majuba Rail Project in Ermelo, Mpumalanga, achieved a significant safety milestone of 3 million man-hours without a single Lost Time Injury (LTI). This translates into a Lost Time Injury Frequency Rate (LTIFR) of zero.
This achievement preceded another significant milestone of one year without a LTI on 14 February 2016. Previously, the project was struggling with a LTIFR of 0.44, recorded in February 2015 after seven lost time injuries over a 10 month period (from May 2014).
Aveng “Purchase Orders” being sent to our vendors being made to look as if they were sent from Aveng - Aveng Grinaker-LTA, Aveng Mining and Aveng Manufacturing logos have been used. (Attached are two examples of “orders”).
If our vendor thinks it is a valid order they will deliver the equipment which will be stolen by the fraudsters and will suffer a loss as they cannot invoice Aveng for an order we did not place.