Fitch Ratings has affirmed construction group Aveng Limited's National ratings at Long-term A and Short-term F1
Aveng says that results from its cement, steel and manufacturing businesses for the first quarter of the 2006 financial year were slightly ahead of expectations
SHARES in the construction sector have soared over the past two months, buoyed by foreign investor optimism on the prospects for SA’s infrastructure development.
The stock of construction group Murray & Roberts has recently tested the R20 level, which could signal the return of the group to giant status
Listed construction, steel and cement group is on a path to recovery from the disappointing performance last year of its key construction businesses
Construction industry heavyweights Aveng as well as Murray & Roberts are expected to report a 'tough' financial year to June in the next few weeks
Providing a third quarter trading update, Aveng says it still expects its year headline earnings per share to be between 40% and 60% higher
AVENG, SA's largest construction group, warned yesterday that if government failed to award the construction contract for the Gautrain high-speed rail link by next month, it would be "very difficult" to meet the 2010 deadline it has set.
One of the biggest problems facing the South African construction industry is a 'massive' shortage of labour skills

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