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Raubex Infra Paves The Rocky Road To Soft Living

5th July 2018 Work is well underway to open a second phase – Bergendal – at Bloemfontein’s sought-after Woodland Hills Wildlife Estate residential development. Raubex Infra’s civils division is currently putting vital infrastructure such as storm water pipes, water reticulation, sewers and streets in place.... 

Douala Grand Mall construction under way in Cameroon

By: Marleny Arnoldi     11th June 2018 Raubex Renovo, a subsidiary of JSE-listed turnkey solutions provider Raubex, is building a shopping mall, complete with convention centre and cinemas, in Douala, Cameroon, which is aimed for completion by end-2019.  

Raubex closes two businesses amid low govt infrastructure spend

By: Anine Kilian     7th May 2018 JSE-listed construction group Raubex has closed two businesses – L&R Civils and Strata Civils – as government spend on infrastructure remains low. Reporting its results for the financial year ended February 28, on Monday, Raubex said challenging market conditions in the South African construction... 

Fleet Renewal Puts Burma Plant Hire At Cutting Edge

18th September 2017 A restructuring and fleet renewal programme at Cape Town-based Burma Plant Hire has put the company on track for further growth in the construction, mining and other sectors. Significantly, the company is a Level 2 contributor to BBBEE. In addition to its traditional base load work in the... 

Raubex chair to retire in September

By: Megan van Wyngaardt     22nd June 2017 JSE-listed investment holding company Raubex’s chairperson Koos Raubenheimer will retire from his position on September 8, the company said on Thursday. He will be succeeded by current nonexecutive director Freddie Kenney. 

Raubex partners with two contractors as part of industry settlement

By: Anine Kilian     8th May 2017 JSE-listed Raubex has named Enza Construction and Umso Construction as the two emerging contractors that the company will mentor as part of an industry settlement agreement with government aimed at promoting transformation in the sector. To meet commitments under the Voluntary Rebuilding... 

Patel says construction fund will be ‘open to public scrutiny’

By: Terence Creamer     27th March 2017 Economic Development Minister Ebrahim Patel has pledged that all transactions pursued under the R1.5-billion Tirisano Fund – which is to be capitalised by the seven the construction companies that recently signed up to the Voluntary Rebuilding Programme (VRP) – will be “be open to public... 

Construction sector ‘pushing boundaries’ of transformation with ‘ground-breaking’ deal 

By: Terence Creamer     13th February 2017 Government and the seven leading construction companies reported further progress on Monday in the implementation of a voluntary agreement that seeks to materially accelerate the racial transformation of the South African industry and raise the combined revenue attributable to black contractors... 

Construction giants reach transformative agreement with govt 

By: Megan van Wyngaardt     11th October 2016 The South African Forum of Civil Engineering Contractors, together with national government, on Tuesday signed an agreement with several construction companies, including Wilson Bayly Holmes-Ovcon (WBHO), Aveng, Murray & Roberts, Group Five, Basil Read, Raubex and Stefanutti Stocks, to accelerate... 

Raubex lifts FY earnings, order book

By: Natasha Odendaal     9th May 2016 JSE-listed Raubex on Monday posted a solid performance for the year ended February 29, with encouraging prospects on the horizon. The group’s headline earnings a share increased 12.1% to 234.4c and its earnings a share increased 11% to 236.9c. 

Government mulls review of law regulating construction companies

By: African News Agency      16th March 2016 Government was “itching” to do a complete overhaul of the laws governing South Africa’s construction industry which continued to be dogged by allegations of collusion, Public Works Minister Thulas Nxesi said on Tuesday. Briefing Parliament’s portfolio committee on public works, Nxesi and... 

Raubex’s materials unit expected to help lift H2 performance

By: Anine Kilian     27th November 2015 Infrastructure development group Raubex achieved a consistent performance in the six months to August 31, despite challenging industry conditions and the impacts of unplanned refinery shutdowns on the company’s asphalt operations, CEO Rudolph Fourie said. The company increased its earnings a... 

Increased risk of massive construction lay-offs

By: News24Wire      26th November 2015 Embattled construction firms, which lost 38% of their aggregate market capitalisation in 2015, are facing more hard times, a survey showed on Thursday. The latest PwC study on the construction industry has shown that the sector is taking strain as it battles lower revenue and profit, with fewer... 

Raubex lifts H1 earnings, revenue

By: Anine Kilian     9th November 2015 Infrastructure development group Raubex achieved a consistent performance in the six months to August 31, despite challenging industry conditions and the impacts of unplanned refinery shutdowns on the company’s asphalt operations, CEO  Rudolph Fourie said. The company increased its earnings a... 

Raubex to report rise in H1 earnings

By: Megan van Wyngaardt     26th October 2015 Infrastructure development group Raubex expects to report an up to 10% increase in its earnings a share and headline earnings share for the six months to August 31. The JSE-listed company noted that the rise, which stemmed from favourable operating conditions in its materials division, would... 

Tosas

7th August 2015 Established in 1972 as a joint venture between petrochemicals majors Sasol and Total, bituminous products manufacturer, supplier and applicator Tosas has been supplying high-quality bituminous products across Southern Africa for more than four decades. The company specialises in the modification... 

Raubex uses acquisitions to overhaul business strategy

By: Irma Venter     29th May 2015 Raubex is no longer a South African National Roads Agency Limited (Sanral) or a road-building company, but a diversified infrastructure and materials group, says CEO Rudolf Fourie. A spate of acquisitions, aimed at achieving the goal of diversification, as well as a growing order book, has seen... 

More diversified, acquisition-hungry Raubex sees profit up 15.2%

By: Irma Venter     11th May 2015 Raubex was no longer a South African National Roads Agency Limited (Sanral) or a road-building company, but a diversified infrastructure and materials group, said CEO Rudolf Fourie on Monday as he announced the group's annual results in Johannesburg. A spate of acquisitions, aimed at achieving... 

Raubex secures second Zambia road upgrade contract

By: Natasha Odendaal     23rd June 2014 JSE-listed Raubex was set to upgrade 117 km of the Mpika-Nabwalya-Mfuwe road, in north-eastern Muchinga, in Zambia, after securing the ZK540-million (nearly R940-million) 30-month contract. Mobilisation for the contract, which formed part of the Zambian Road Development Agency’s Zambia Link 8000... 

Raubex buys majority stakes in Shisalanga, OMV

By: Natasha Odendaal     18th June 2014 JSE-listed Raubex on Wednesday announced that it has received regulatory approvals for the acquisition of majority stakes in two companies. The group acquired a 60% interest in Shisalanga Construction, which manufactures a range of asphalt products from its plants based in northern Kwazulu-Natal,... 

Raubex achieves solid results despite challenging market

By: Leandi Kolver     12th May 2014 Construction group Raubex achieved solid results during the year ended February 28 as a result of its infrastructure division coming on stream, offsetting the impact of the challenging trading conditions in the construction sector was offset by the company’s infrastructure division coming on... 

SA corporates trump Brics counterparts in disclosing emissions

By: Terence Creamer     28th November 2013 Leading South African corporates have again performed well ahead of the global norm in reporting their carbon emissions, with 83 of the companies making up the JSE 100 participating in the seventh edition of the South African Carbon Disclosure Project (CDP) – the second-highest response rate... 

Scatec Solar photovoltaic projects, South Africa

By: Sheila Barradas     18th October 2013 Raubex Infra has been awarded two contracts by Scatec Solar to provide civils and electrical work for its two photovoltaic projects. 

Competition Tribunal to hear Telkom, construction cases this week

15th July 2013 The Competition Tribunal will, this week, hold hearings related to the Competition Commission’s R1.46-billion settlement with 15 construction firms found guilty of collusive tendering, as well as the commission’s R200-million settlement with telecoms group Telkom over charges of abusing its... 

Raubex acquires bitumen producer Tosas

By: Natalie Greve     15th April 2013 Integrated road construction and rehabilitation company Raubex has acquired bitumen producer Tosas Holdings from Sasol Oil for R120-million in cash. All necessary regulatory approvals, including that of the Competition Commission, had been received, with the acquisition to become effective on... 

Raubex finance director steps down

By: Creamer Media Reporter      12th March 2013 Francois Diedrechsen has resigned as financial and commercial director of road building group Raubex and would step down on March 31. Raubex group financial accountant James Gibson would assume Diedrechsen’s responsibilities with immediate effect. 

Raubex reaches settlement with Free State govt

By: Natasha Odendaal     5th November 2012 Roads builder Raubex and the Free State provincial government have agreed on a revised payment plan for the R130-million owed to the JSE-listed group. Raubex financial and commercial director Francois Diedrechsen said on Monday that the Free State government would repay the group in two... 

Raubex owed millions by Free State government

By: Irma Venter     25th May 2012 The Free State government owes roads builder Raubex several million rand for work done in South Africa’s central province, says Raubex financial and commercial director Francois Diedrechsen. 

Road builder owed millions by Free State govt, 'cautiously optimistic' of payment

By: Irma Venter     14th May 2012 The Free State government owed roads builder Raubex several million rand for work done in South Africa’s central province, said Raubex financial and commercial director Francois Diedrechsen on Monday. “We are carrying R70-odd-million in our balance sheet, but this is not an accurate reflection... 

Raubex expects drop in FY earnings

By: Henry Lazenby     10th April 2012 Road building group Raubex on Tuesday said it expected its earnings a share for the financial year ended February 29 to be down by between 20% and 30%. The JSE-listed company said it expected both earnings a share and headline earnings a share to range between 168.2c and 193.2c. 

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