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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now