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.
Luxury accommodation provider Legacy Group announced earlier this month that it had awarded multidisciplinary construction and engineering group Aveng Grinaker-LTA with the Leonardo building contract to construct a four-level basement and a 150 m high-rise building at 75 Maude street, in Sandton.
Construction and engineering group Aveng Grinaker-LTA says its mechanical and electrical contracts division is making good progress on the electrical installation of nine harbour tugs, with work having started on the second and third tugs.
The first tug, the 31-m-long Mvezo, was launched in November, forming part of the Southern African Shipyards and Transnet National Ports Authority’s R1.4-billion tug-building programme.
Aveng Grinaker-LTA’s Mechanical and Electrical Contracts Division is making good progress on the electrical installation for nine harbour tugs as part of a project for the Southern African Shipyards and Transnet National Ports Authority.
The share price of construction company Aveng was up 0.36% to R2.76 by 16:50 on Tuesday, after the group announced a 25% drop in revenue to R18 billion and a R231 million headline loss for the six months ended December 31 2015 (H1 2014: R138 million earnings).
The share price dropped by 13% on February 19 after a trading statement warned the market of the expected loss. It was still down 15.38% over the past seven days and 82.76% over the past year.
AS THE tough conditions persist in SA, Australia has offered a lifeline for two of SA’s major construction companies.
Interim results out on Tuesday showed Wilson Bailey Holmes-Ovcon (WBHO), the largest construction company by market capitalisation, is reaping the benefits of its timely entry into Australia’s residential building market, where Asian investors are propping up demand.
Cape Town – The first eight weeks of 2016 have been incredibly volatile for the local equity market. Although the JSE is currently down only 4% for the year, it has been a period of quite severe market movements.