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RAUBEX GROUP LIMITED - Notification of Significant Contract Awards

Release Date: 17/11/2020 12:57
Code(s): RBX     PDF:  
Wrap Text
Notification of Significant Contract Awards

(Incorporated in the Republic of South Africa)
(Registration number 2006/023666/06)
JSE Share code: RBX
ISIN: ZAE000093183
(“Raubex” or “the Company”)


Further to the interim results announcement released on 9 November 2020 in which shareholders were
advised that significant contract opportunities which had been tendered on in the South African construction
sector were still pending adjudication, we are pleased to advise shareholders that Raubex has now received
notification of the following contract awards from the South African National Roads Agency SOC Limited:

    1) Contract SANRAL N.002-260-2018/9 for the upgrading of National Route 2 from Kwamashu
        Interchange, Section 25 (Km28.6) to Umdloti River Bridge, Section 26 (Km 14.0) in the amount of
        R1,43 billion (including VAT) for a contract period of 40 months.

    2) Contract SANRAL N.003-020-2017/8 for the upgrade to National Route 3, Section 2, from Cato Ridge
        (Km20.2) to Dardanelles (Km 26.6) in the amount of R1,44 billion (including VAT) for a contract period
        of 51 months.

The above mentioned awards have increased the Company’s secured order book to R14,23 billion.

17 November 2020

Investec Bank Limited

Date: 17-11-2020 12:57:00
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