Raubex, a major road builder, says in an update for the year ended February 2018 that SA’s construction sector has not grown in the past year. Critically, its road-surfacing and rehabilitation operations had lower volumes of work from the South African National Roads Agency. Against this backdrop, the group is now exploring opportunities domestically and internationally in order to supplement its revenue streams. "Good progress has been made during the second half of the year with regard to international expansion opportunities and replacement of the construction order book," Raubex said on Monday. The group said its materials division contributed "consistently" to operating profit for the year. Diversified revenue streams from commercial quarrying, contract crushing and materials handling and processing for the mining industry had also differentiated it from peers. A slowdown in aggregate sales during the first half of the year, particularly in Gauteng, continued into the second-ha...
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