Moolmans and McConnell Dowell boost Aveng
The infrastructure and resources group says it expects improved performance from Moolmans
Infrastructure and resources group Aveng said on Friday that an improved performance from its infrastructure and mining subsidiaries would help it reduce losses in the six months to end-December 2019.
This represents a major turnaround in the performance of Aveng’s mining contractor Moolmans after the subsidiary’s poor performance in the 2019 financial year. In the year ended June 30 2019, Moolman reported a R372m operating loss...