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With recovery year done, M&R seeks growth in mining, oil and gas



August 31, 2012 by · Leave a Comment 

Construction group Murray & Roberts has concluded the recovery year of its three-year recovery and growth strategy, says CEO Henry Laas.

With the 2013 and 2014 financial years now labelled as growth years, he warns, however, that there is no “remarkable recovery” envisaged in the construction industry that will benefit Murray & Roberts. The growth the group hopes for will rather have to come from a return to its core focus of construction and engineering.

Two industries the group has targeted specifically for their “strong growth potential” are mining, and oil and gas, with emphasis on markets outside South Africa, says Laas. He notes that the group’s mining business in the rest of the world is already outgrowing its activities in South Africa.

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