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Contract to operate the Gautrain post 2026 to go out on tender moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
MONEYWEB app instead? M&R receives R285m Gautrain business disruption insurance payout Groupâs investment in concession company and the fair value adjustments it does on the investment are âvery much linked to ridershipâ â which has plummeted. 00:01 Open: Passenger numbers plunged from 55 000 a day pre-Covid-19 to as low as 6 000 last year, rising to around 13 000 currently. Image: Nadine Hutton/Bloomberg JSE-listed multinational engineering and construction group Murray & Roberts (M&R) has successfully finalised a Gautrain business disruption insurance claim and received R285 million because of the low ridership levels on the Gautrain caused by the Covid-19 lockdown. M&R CEO Henry Laas said the proceeds from the claim were used to repay some of the high-interest debt in the Bombela Concession Company (BCC). ....
MONEYWEB app instead? Not right now, but it’s ‘an important part of our thinking’ says CEO Henry Laas. 00:03 Open: Murray & Roberts (M&R) anticipates listing the multinational engineering and construction group internationally. M&R CEO Henry Laas said an international listing has always been part of the groupâs plan since the new strategic future was conceptually developed. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process. SIGN UP To view all features and options, click here. A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee. ....
MONEYWEB LIVESTREAM But only one of the huge contract awards has been announced. 00:01 Open: On the mend. Image: Moneyweb JSE-listed engineering and construction group Murray & Roberts (M&R) could see its order book grow to about R80 billion by its financial year-end in June. This is further good news for the group, following it reporting in March this year that it reached a record order book of R60.5 billion at end-December. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process. SIGN UP To view all features and options, click here. ....
M&R expecting lower profit (not a loss) from Gautrain moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.