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South Africa Construction Industry Report 2020 with Profiles of 58 Companies, Including Major JSE-Listed Players - ResearchAndMarkets com
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South Africa: When Strong Institutions and Massive Inequalities Collide
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State infrastructure work is starting to roll in, says WBHO CEO Wolfgang Neff says there is also a lot of tender activity in the mining sector as well as for renewable projects BL PREMIUM 03 March 2021 - 05:10 Alistair Anderson
Wilson Bayly Holmes Ovcon (WBHO), one of a handful of construction companies still listed on the JSE, says its long wait for large building projects in SA looks to be over as it gave an optimistic 2021 outlook.
“It has taken time but we are finally seeing a turnaround in the availability of infrastructure work. We have seen a marked improvement in roads and civil work,” CEO Wolfgang Neff said.
Company claimed £866,000 in furlough money, latest accounts reveal
Profit at Byrne Group slipped last year as the firm said the impact of covid-19 and a redundancy programme hit its bottom line.
The firm, which includes the Byrne Bros concrete arm and its building and fit-out business Ellmer, said it spent £1.6m on restructuring costs in 2020 on top of the £593,000 it shelled out the year before.
Byrne is carrying out piling, groundworks and concrete frame packages at this job for Santander in Milton Keynes
Pre-tax profit before exceptional items was £5.8m, down from £7m last time, with statutory pre-tax profit off 15% to £5.2m, with this figure including nearly £886,000 it received in furlough money under the government’s Coronavirus Job Retention Scheme..
N4 construction projects on track with TRAC
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