South Africa’s largest investor, the Public Investment Corporation (PIC), says construction firms recently fined R1.46bn for colluding to fix tenders for soccer stadiums, roads and other major projects, should claw back bonuses from the crooked executives who fixed the projects.

An investigation is currently underway amidst claims that anti-competitive behaviour lead to the City of Cape Town being overcharged for the construction of Cape Town Stadium.

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.

Sunday, 17 February 2013 14:40

Another hard year for construction industry

Despite predictions that 2013 will restore some of the local construction sector’s profitability, the situation is as precarious as ever.

Stanlib, Old Mutual, Sanlam and Coronation support Murray & Roberts' proposed rights offer.

Construction group Murray & Roberts has clinched the primary contract for the building of the R1.6bn Portside co-development project by FirstRand Bank and Old Mutual.

A group of SA professionals is launching BuildSafe South Africa in order to improve overall health, safety and welfare within the construction industry.

Murray & Roberts Holdings says its expected loss for the Gorgon Pioneer Materials Offloading Facility on Barrow Island, Western Australia, has widened by an estimated R520m.

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

Wednesday, 13 July 2011 02:00

Construction stocks underweight

While stocks in the heavy construction industry were set to continue to hold their value in the short term, some analysts have warned of patchy growth in the sector over the medium term while some are more bullish and will be looking to increase exposure for a sector they deem to be "underweight"

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