Dim prospects at home may see Aveng diversify abroad
Transnet and Eskom problems make SA operating environment tough for group that lost R1.3bn
22 August 2023 - 08:29
UPDATED 22 August 2023 - 19:35
Engineering-led infrastructure, resources and contract mining group Aveng is looking to expand and diversify its Moolmans business outside SA to balance its exposure to a local mining industry hamstrung by energy and rail constraints.
CEO Sean Flanagan told Business Day that the hardships of the local environment made it essential for Aveng to diversify away from SA and look at opportunities elsewhere in Africa...
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