Aveng ends talks to sell steel arm, settles QCLNG project dispute

July 31, 2017

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South African construction group Aveng said on Monday it has ended talks on the sale of its Aveng Trident Steel business due to a failure to reach agreement on price. Work for South Africa’s construction industry has slowed sharply as government contracts stall and weak commodity prices hit demand from the mining industry. Companies have had to employ new strategies to survive in a sector stunted by an economy that is not expected to grow at all.

Category: General