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Johannesburg – Construction and engineering company Murray
& Roberts Holdings [JSE:MUR] announced on Wednesday that its order book grew to
R48bn as at September this year from the R45.3bn recorded at the end of its
2012 financial year.
Its net cash position was unchanged at the end of September
from the R1.2bn recorded at the end of June‚ despite recent industrial actions
costing the company R200m.
Murray & Roberts said construction in Africa and the
Middle East remained difficult due to the current market’s conditions and
pressure on its margins.
“A major and growing infrastructural backlog exists in SA. At a recent presidential infrastructure investment conference‚ President Jacob Zuma said SA would spend as much as R4-trillion on infrastructure development projects over the next 15 years‚ and about R844bn over the next three years‚” the company said in a note on Wednesday.
