Change of ownership and company name

The sale of the Murray & Roberts’ Infrastructure and Buildings businesses (“Murray & Roberts Construction”) was unconditionally concluded and transferred to a consortium led by the Southern Palace Group on 5 May 2017. This follows the announcement of the sale of Murray & Roberts Construction in November 2016. Murray & Roberts Construction has subsequently been [...]

2017-08-10T17:20:33+00:00

Southern Palace Group-led consortium acquires Murray & Roberts Infrastructure & Building businesses (Engineering News)

Murray & Roberts and Southern Palace Group today announced the purchase of the Murray & Roberts Southern African Infrastructure & Building (“I&B”) businesses, by a consortium led by the Southern Palace Group of Companies (Proprietary) Limited (“Southern Palace”).  The fully-funded purchase consideration is R314 million. (Retrieved from http://www.engineeringnews.co.za/) Click here to read more

2017-08-10T17:20:11+00:00

Southern Palace outlines vision for radically transformed M&R infrastructure unit (Engineering News)

The newly black-owned construction company conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group aims to build on its 115-year heritage to become a “leading, Tier 1, infrastructure player in South Africa and in sub-Saharan Africa” by tapping into key opportunities on the continent. [...]

2017-08-10T17:20:20+00:00