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May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - South African construction firm Aveng said on Thursday it has revised its own forecast for full year headline earnings per share to 9.14% lower, sending its shares higher.
Aveng, South Africa's second biggest construction company, also said it revised its expectation for EPS to 7% to 12% lower.
The company had said on June 30 it expected to report 20% to 25% decline in full year headline EPS and EPS was seen between 15% to 20%.
Aveng said on Thursday it has revised its outlook due to a stronger than expected profit performance from its construction and engineering unit.
Shares in Aveng jumped as much as 4.07% after announcing revision for its earnings forecast, by 16:54 it traded 2.70% higher to R38, outperforming a 0.31% firmer JSE mid cap index.
- Reuters