n IMIESA - Can new projects lure SA companies from 'homegrown' opportunities? : Africa




Extracted from text ... AFRICA Can new projects by Andrew Maggs IMIESA JULY 2005 - 17 'homegrown' opportunities? Over the past year a number of South Africa's leading consulting engineering firms and major construction companies have reviewed their strategies for pursuing work outside of the country. This includes industry heavyweights Aveng (parent company of Grinaker LTA) and Murray & Roberts, both of which have voiced their reluctance to bid on infrastructure projects in Africa, particularly those administered by public sector clients. The reasons are not hard to find: a strong Rand (despite loosing value in recent weeks) has put the squeeze on margins, while ..


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