Raubex triples headline profit but is still awaiting Sanral’s mega projects

Construction and materials group Raubex has been granted four R200m-R300m new maintenance projects by the SA National Roads Agency in the past month but is still waiting on it to decide on its mega projects, in line with the government’s economic reconstruction and recovery plan.

CEO Rudolf Fourie told investors on Monday when the company announced its 2022 results that the group is waiting on Sanral to award 138 tenders...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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