Friday, 04 May 2007 02:00

Group Five buys Sky Sands

Construction IndustryListed construction business Group Five (GRF) has bought Sky Sands for 124 million rand as part of its expansion and growth strategy in the infrastructure sector, it said.

Sky Sands is involved in the supply of plaster and washed sands products to the building material merchants, the building industry and the precast concrete products industry.

Group Five said the purchase amount would be settled through its own resources.

 

JSE-listed construction and engineering firm Group Five was keen on snapping up “two or three” more quarrying and aggregate businesses, in the near future

The Pietermaritzburg High Court will on Monday begin hearings into the validity of a legal challenge brought by construction group Grinaker-LTA

Monday, 11 December 2006 02:00

Construction shares for the brave

In order to capture further potential gains in construction companies in the new year one will have to be a brave investor, according to Old Mutual's Faroz Basa.

Thursday, 31 August 2006 02:00

WBHO to emulate peers with BEE deal

Construction group Wilson Bayly Holmes Ovcon is set to announce a black economic empowerment deal next month, the group said this week

Group Five construction group has advised that its headline earnings per share for the year is expected to be 25% to 40% higher than last year

Construction and engineering company says it suspects 'certain' potential irregularities involving some of its employees at the Nova Vida housing project in Angolan capital Luanda.

Group Five informs investors of 'certain potential irregularities' it suspects on a housing project, the Nova Vida Project in Luanda, Angola.

Tuesday, 30 May 2006 02:00

Group Five avoids R54m penalty

CONSTRUCTION company Group Five says the court has dismissed an application by client Legacy Group to impose penalties of R54m for not completing the Michelangelo luxury apartment building in Sandton on time.

Friday, 31 March 2006 02:00

Group Five's prestigious projects

THE handiwork of Group Five can be seen on some of the more notable building projects currently underway in the Cape Town metropole.

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