Raubex warns of loss after initial Covid-19 lockdown halted construction
The group expects to report a headline loss of up to R53m in its six months to end-August
08 October 2020 - 09:24
UPDATED 08 October 2020 - 17:35
Infrastructure development group Raubex has warned that interim profits have fallen by about R154m as construction activity was brought to a halt in SA and parts of Africa by the Covid-19 pandemic.
The group is, however, optimistic as the SA government embarks on infrastructure projects to simulate the economy, while it also had about twice as much cash as debt in August...
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