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Articles from 2008

Eskom awards Kusile Main Civil Works Tender to a joint venture of local construction companies - Tuesday, December 09, 2008

The main civil works for Eskom’s new Kusile Power Station between Balmoral and Ogies in Mpumalanga has been awarded to the Kusile Civil Works Joint Venture.

Stefanutti Stocks continues growth with strong interims - Tuesday, November 11, 2008

Buoyed by strong organic growth and the contribution from acquisitions to date, JSE civil engineering construction group Stefanutti Stocks Holdings (“Stefanutti Stocks”) reported interim results for the six months to August 2008 reflecting increases in all key performance indicators. Government’s ongoing investment in infrastructure and expansion in the mining sector were key drivers of the group’s performance which saw revenue more than double to R2,6 billion from this time last year.

Stefanutti & Bressan’s maiden annual results exceed forecast - Sunday, May 18, 2008

JSE civil engineering, construction and building group Stefanutti & Bressan (“S&B”) has exceeded its pre-listing forecasts to post strong maiden results for the year to February 2008. S&B listed on the JSE in August 2007. Robust organic growth and three successful acquisitions saw the group record net profit of R144,4 million, 24,6% higher than pre-listing
forecasts. Post year-end S&B is poised to enter the top tier of the construction sector with its proposed acquisition of Stocks Limited. This will significantly increase the group’s scale as well as boost top and bottom line growth and market capitalisation.

Stefanutti & Bressan's R1,1 billion merger with Stocks forms construction powerhouse - Tuesday, March 11, 2008

JSE civil engineering and construction group Stefanutti & Bressan (“S&B”) today announced a merger with international construction group Stocks Limited (“Stocks”), to be effected through the acquisition of Stocks for R1,1 billion. The merger will position the enlarged group as a major competitor in the first-tier construction sector with almost R5 billion turnover and 8 000 employees. Stocks is established as one of South Africa’s leading construction businesses for 63 years with a footprint across Southern Africa and in the Gulf.

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