Struggling construction group Aveng has sold its pumps and valves business, Aveng Dynamic Fluid Control , for R165m, the company said on Friday.
The group has identified engineering, construction and maintenance contractor McConnell Dowell and Moolmans, one of Africa’s largest surface mining contractors, as core businesses. The group said Copaflo is a 100% black-owned investment company with interests in engineering and manufacturing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
#Forbe30under30List: SA entrepreneur's e-commerce platform ShopLi gets recognised | IOL Business ReportNureshka Viranna, is one of the co-founders of e-commerce company ShopLi, who made the Forbes Africa Top 30 under 30 list.
Source: IOL - 🏆 46. / 51 Read more »
Kganyago describes expansion of central bank mandate as ‘noise’ | Business | M&G“They are conflating ownership with the mandate of the bank. The mandate of the bank is spelt out in the Constitution of the Republic. Also, they confuse it with independence and that independence is also spelt out in the constitution.'
Source: mailandguardian - 🏆 2. / 92 Read more »
Hawks breakthrough in VBS investigation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Hawks are hoping to make a breakthrough in their investigation into VBS Mutual Bank after they raided and seized documents and computer hard drives at the Free State Development Corporation in Bloemfontein on Friday.
Source: SABC News Online - 🏆 32. / 51 Read more »
Steinhoff appoints new CFO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South African retailer Steinhoff said on Friday that Philip Dieperink will step down as chief financial officer and will be replaced by Theodore de Klerk effective 1 September 2019.
Source: SABC News Online - 🏆 32. / 51 Read more »