Murray & Roberts looks ahead to growth

Posted On Wednesday, 05 October 2005 02:00 Published by Commercial Property News
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MURRAY & Roberts, SA’s second-largest construction group, says all of its target markets are showing signs of sustainable growth for the first time in recent history.

Brian BruceMURRAY & Roberts, SA’s second-largest construction group, says all of its target markets are showing signs of sustainable growth for the first time in recent history.

It warned in its annual report, however, that its ability to capitalise on opportunities might be limited by a "temporary shortage of capacity", among a range of factors.

South African gross fixed capital formation looked set for an extended period of sustainable growth over the next decade at least, CEO Brian Bruce said.

This was in contrast to the decline in relative fixed investment over the past 30 years.

The group said that growth in the domestic construction economy in the year ahead was likely to be driven by rising public sector facilitation of, and investment in, infrastructure projects.

It also saw growth potential in the Middle East, where the group has operations, driven mainly by efforts to diversify economies in that region.

The group’s project order book had grown to R8,5bn at the end of its financial year in June, compared with R5bn at the end of its previous financial year.

Last modified on Friday, 18 October 2013 13:27

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