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South Africa: When Strong Institutions and Massive Inequalities Collide

South Africa: When Strong Institutions and Massive Inequalities Collide
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M&R order book could reach R80bn within months

MONEYWEB app instead? Anticipates a strong return to profitability in its 2022 financial year. 00:01  Open: The group has completed its construction work on the Medupi (pictured) and Kusile power stations. Image: Supplied JSE-listed engineering and construction group Murray & Roberts (M&R) believes its record order book of R60.5 billion at end-December 2020 could grow by about 32% to about R80 billion by end-June 2021. M&R CEO Henry Laas said on Thursday the group believes it is well positioned for a strong return to profitability in its 2022 financial year and expects further growth in earnings thereafter. Growth in earnings will largely come from the group’s energy, resources and infrastructure (ERI) and mining platforms, he said.

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