Raubex builds in Cameroon
With lack of infrastructure projects leading road builder shifts its focus
Raubex, traditionally a leading road builder, is constructing a mall and hotel in Cameroon and building houses in SA, while it waits for the South African National Roads Agency (Sanral) and the state to spend more money on infrastructure. The group has had to reposition its business to stay profitable, with Sanral work dropping as a portion of its order book from 23% to 12% in its 2018 financial year. "We’ve had to shift our focus while we wait for Sanral and the government to spend more on projects. This is why we are doing more private work, including building and selling houses as well as refurbishing shopping centres. We are operating more in Africa, with new exciting work in Cameroon," said CEO Rudolf Fourie at the release of financial results for the year to February 2018. Raubex is constructing Douala Grand Mall and Business Park for multinational group, Actis and Ghana partner, Craft Development. The development will include 18,000m² of retail and leisure stores in Douala, C...
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