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Engineering and construction company, Group Five has slipped further into the red. Revenue is down 26%, while its full-year loss sits at R1.3bn, driven by higher costs from delays at its Kpone power project in Ghana. The group’s order book shrunk by 23% to R11.2bn due to the tough conditions in the construction market. The company has decided to cut more jobs in a bid to reduce the size of its loss-making divisions. Group Five CEO Themba Mosai joined Business Day TV to discuss the results and provide some context.

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