Murray & Roberts and Southern Palace Group today announced the purchase of the Murray & Roberts Southern African Infrastructure & Building (“I&B”) businesses, by a consortium led by the Southern Palace Group of Companies (Proprietary) Limited (“Southern Palace”). 

Thursday, 20 October 2016 14:09

Murray and Roberts joins voluntary deal

Murray & Roberts opts to participate in a R1.25bn 'voluntary' settlement agreement between construction companies.

Tuesday, 11 October 2016 23:42

CEO's pay tops R14m as profit falls - again

Murray & Roberts pays CEO Henry Laas R14.7m in the financial year to June, including R6.4m in bonuses.

Thursday, 25 August 2016 17:22

Murray and Roberts exits construction sector

Murray and Roberts will focus on three core sectors in future — underground mining, oil and gas, and power and water, says group.

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.

The suggestion that CEs of construction companies should sign a contract to make them personally liable in cases of collusion has been slated by the industry as a step too far.

Sunday, 10 March 2013 19:34

Cautious outlook for construction shares

Murray & Roberts' return to profitability, after two years of losses, comes amid the completion of projects that have caused the company major pain.

Friday, 09 September 2011 02:00

Mending the construction stocks cracks

The results from large construction firms show an industry still stuck in a slump, but an increase in project activity may herald the beginning of a brighter period for the sector.

Construction group Murray & Roberts said on Wednesday that although it had made significant progress in resolving contractual claims, the estimated costs to complete, inclusive of penalties, on a number of major contracts increased significantly resulting in a loss for the year

The new CE designate of Murray & Roberts, Henry Laas, says he has no immediate solutions for the group's financial woes, he hinted that the group would target the mining sector.

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