The Tirisano Construction Fund board of trustees has appointed legal representatives to institute legal proceedings against JSE-listed construction and engineering group Aveng after it defaulted for three consecutive years on its annual contribution to the fund. This is revealed in the latest TCF annual report, which also stated that only two of the seven companies – WBHO and Raubex – are up to date with their annual payments to the fund.
Construction VRP is either ‘dead’ or ‘alive and kicking’ Wylie confirmed he and TCF CEO Anita Loots attended a meeting with Public Works and Infrastructure Minister Patricia de Lille and Agriculture, Land Reform and Rural Development Minister Thoko Didiza on 18 March 2022. “Hopefully, this ‘partial supervisory committee’ meeting is a sign of things to come.
Aveng is no longer involved with construction in South Africa.
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