Raubex, the JSE-listed construction company that is building the new Beitbridge Border Post, says the project was one of the biggest contributors to what it says is its best-ever half-year results. The border post section of the Beitbridge project will be done by the end of this month and the whole project in April next
Awarded R2bn in Sanral contracts in the last few months of its financial year – with another R2.1bn in wind energy projects signed and still to be added to its order book.
Shares construction and engineering group Raubex lifted more than 4% on Monday, after it said robust demand for new roads and renewable energy has lifted its order book to a record high of R20 billion, with more awards expected.
Construction group Raubex says it has seen a “pleasing” 17% increase in its order book for the financial year ended February 28, to R20-billion, up from R17.1-billion in the previous year. Around R6.1-billion of this work is in Australia and the rest of Africa, up from R4.08-billion last year.