AltX-listed construction group, Erbacon Investment Holdings Limited, returned to operating profitability for the six months ended August 2012 and completed a recapitalisation and restructuring of the group.Read More
Erbacon has advised shareholders that all resolutions required for its recapitalisation have been approved by shareholders. Approximately 100 million rights to acquire ordinary shares have been issued to minority shareholders and will trade on the ALTX until 17 August.
Erbacon today issued a SENS announcing that the Company has appointed Andrew Langham as its new Group Financial Director. Langham is a Chartered Accountant (SA) with 25 years of financial and operational leadership within listed companies, of which 15 years has been with major South African construction companies. Langham’s experience includes financial management, governance and reporting, capital raising, acquisitions, commercial negotiations and operational performance.
AltX-listed construction company, Erbacon Investment Holdings Limited, today announced a debt restructuring plan of greater than R200 million to recapitalize the business ahead of implementing its strategic growth plans for 2012 and beyond.
Erbacon appoints new MD of subsidiary Civcontract Civils (Pty) Ltd Coenie Vermaak, a former director of Murray & Roberts Construction, has been appointed managing director of Civcontract Civils (Pty) Limited (Civcon) with effect from the 1st August 2011.
Erbacon Investment Holdings Limited (Erbacon), a medium-to-large sized national construction company,has decided to merge its two civils businesses, Civcontract Civils (Pty) Ltd (“Civcon”) and Erbacon Construction (Pty) Ltd (“Erbacon Construction”). The businesses are being combined into a more substantial single civil construction business with effect from 1 March 2011, and will relocate its head office to Gauteng.
Erbacon Investment Holdings Limited (Erbacon), the comprehensive engineering and construction company listed on the JSE’s Alternative Exchange (AltX), today announced that, after a search by the Board of Directors, it has unanimously appointed Sean Flanagan as its new CEO with immediate effect.
Erbacon Investment Holdings Limited (Erbacon), the comprehensive engineering and construction company listed on the JSE’s Alternative Exchange (AltX), today released good results for the financial year ended 28 February 2010.
Civcon Construction celebrates 30 years of construction excellence in 2010. Civcon is the latest acquisition of Altx listed construction group, Erbacon Investment Holdings Limited.
Erbacon Investment Holdings, a national construction company, is rapidly expanding its geographical footprint and operational capabilities in South Africa and neighbouring African countries. This KwaZulu Natal-based company recently concluded two groundbreaking deals that will give the group a wider footprint in the construction industry and allow it to tender more competitively on larger construction projects.
High-flying, KwaZulu Natal-based construction company, Erbacon Investment Holdings, today announced a reverse take-over of a major Gauteng civil engineering company, Civcontract Civils (Pty) Ltd (Civcon), in a deal worth R267m.
Durban-based construction group Erbacon Investment Holdings on Tuesday announced that it was in discussion to acquire two Gauteng-based civil construction companies, G4 Civils and Civcontract Civils.
KZN-based AltX-listed construction group Erbacon Investment Holdings Limited - which boasts an impressive R750 million combined forward order book running into 2010 - is banking heavily on the already lucrative government infrastructure spending spree.
Following the successful Erbacon Construction/Armstrong Construction Joint Venture award for the Harry Gwala Stadium the same recipe was used with the same result on the above contract. In May 2009 the R140 million Contract to construct the approach to the World Cup Stadium was awarded to the JV .The contract includes the construction of two playing fields, cycle track, retail shops and entrance ramp to the stadium.
The Granada Centre, on the corner of Chartwell Drive and Ocean Way in Umhlanga, is not only shedding its “Spanish” look with the current renovations, it is being transformed into a modern building that will put the “south end” of Chartwell Drive on the map.
JSE AltX-listed construction contractor Erbacon's outlook remains favourable on the back of a solid order book that includes a recently awarded R86-million contract to upgrade the Harry Gwala soccer stadium in Pietermaritzburg.
Construction and small plant-hire company Erbacon Investment Holdings said the construction sector in SA continued to provide it with a “satisfactory” base load of contracts.
Further evidence of the countrywide boom in the construction sector comes from newly-listed, Durban-based, construction and plant hire company, Erbacon, which has reported exceptional maiden results for the year ended February 2008 today.