Concor’s new group CEO Lucas Tseki is confident South Africa’s construction sector is turning the corner, provided there is no further delay in the adjudication and awarding of large infrastructure contracts by government agencies.

Construction firm Murray & Roberts is slapped with another multimillion-rand fine for involvement in collusive tendering in the buildup to the 2010 Fifa World Cup.

Murray & Roberts said it is using 'section 45' of the Tax Act to merge with its subsidiary Concor, forming a single company called Murray & Roberts Construction with R6,5bn turnover.

Stefanutti Stocks said that a consortium of JSE-listed companies it was leading had won a civil works contract for Eskom’s Kusile power station in Mpumalanga.

Concor is now set to delist on 4 July

The Competition Tribunal has unconditionally approved the acquisition of Concor by multi-faceted global contractor Murray & Roberts

SA's second-largest construction group has upped its R22,30 a share offer for the smaller rival to R28 a share

Shareholders will meet to approve the scheme that will lead to Murray & Roberts acquiring the entire share capital of Concor, it has been announced

The stock of construction group Murray & Roberts has recently tested the R20 level, which could signal the return of the group to giant status

Concor has reported a 56% rise in its headline earnings per share for the year to end-June 2005 to 226.7 cents from a re-stated 145.4 cents a year earlier