Publications

YOU go! home City Press e-Editions

City Vision BloemExpress Mthatha Express PE Express People's Post Kouga Express Komani Karoo Express UD Express (Uitenhage) BloemNews Noordkaap Bulletin

VrystaatKroon Vista DistriksPos Eikestadnuus Hermanus Times Paarl Post TygerBurger Weslander Standard & Breederivier Gazette
Partners

Saw This, Made This with Bombay Sapphire RU120 - Rhodes University celebrates 120 years Beauty24 with Edgars Reveal the Why with iStore I Am News24 - Meet Our Subscribers Beyond the Byline with News24 Government Vacancies

08 Nov 2022

Share

M&R rockets as sale of Australian unit removes threat of rights issue

Nick Wilson

Share your Subscriber Article

You have 5 articles to share every month. Send this story to a friend!

Loading, please wait...

Getty Images

Shares of engineering firm Murray & Roberts (M&R) rocketed by over a quarter on Tuesday, after it announced the sale of Australian subsidiary Clough for about R4 billion, which at a stroke of a pen will remove the threat of shareholders having to bail the firm out of its cash crunch in the country.

Read this for free

South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

Already a subscriber? Sign in

Next on Business

BHP’s R740bn Anglo copper play was years in the making

28 Apr

BHP’s R740bn Anglo copper play was years in the making

description

Show Comments ()

Currencies Commodities Jse Indexes

Rand - Dollar

18.79

+1.2%

Rand - Pound

23.49

-0.3%

Rand - Euro

20.10

-0.1%

Rand - Aus dollar

12.27

-0.2%

Rand - Yen

0.12

-0.3%

Platinum

924.10

0.0%

Palladium

959.00

0.0%

Gold

2,337.68

0.0%

Silver

27.19

-0.0%

Brent-ruolie

89.50

+0.6%

Top 40

69,358

+1.3%

All Share

75,371

+1.4%

Resource 10

62,363

+0.4%

Industrial 25

103,903

+1.3%

Financial 15

16,161

+2.2%

All JSE data delayed by at least 15 minutes

How this work-from-home mom gets back-to-school ready with the help of Mac

26 Apr

How this work-from-home mom gets back-to-school ready with the help of Mac

Watch | Rhodes University Marks 120 Years of Academic and Cultural Milestones

26 Apr

Watch | Rhodes University Marks 120 Years of Academic and Cultural Milestones

Civil Engineering student Zaid’s building blocks to success start with his trusty Mac

25 Apr

Civil Engineering student Zaid’s building blocks to success start with his trusty Mac

Why the iPad is the ultimate study buddy for learners from grades R-12

23 Apr

Why the iPad is the ultimate study buddy for learners from grades R-12

Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders

This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.