Description

Aveng Limited is a South African company that operates in the construction, engineering, mining, manufacturing, and steel sectors. It was founded in 1944 and is listed on the Johannesburg Stock Exchange (JSE) under the symbol AEG. The company has a market capitalization of R762.8 million and a share price of R20 as of 3 November 2023. The company has two main operating segments: McConnell Dowell and Moolmans. McConnell Dowell is an engineering, construction, and maintenance contractor that operates in Australia, New Zealand, Southeast Asia and the Middle East. Moolmans is a contract mining and civil engineering company that operates in Africa. The company’s vision is to be a leading international infrastructure and resources group.

Sean Flanagan:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Nicholas Bowen:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
David Noko:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Philip Hourquebie:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Bridgette Modise:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Bradley Meyer:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Adrian Macartney:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Scott Cummins:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No

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5 Benchmark > 4 Excellent > 3  Good > 2 Caution > 1 Risk

 

 

 

JSE
ZAE000302618

 

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Shareholders holding 5% +


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Material Subsidiaries/Associates


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Credit Rating

NameLogoCountryHeadquartersRating
Fitch Rating Credit LogoUnited States of AmericaNew YorkAA-

 

Countries Operations/ Offices


 

Company Directors

Name
Nationality
Age
Role
Qualification
Name

Sean

Non Executive
NationalitySouth Africa
RoleNED
QualificationBSc Building
Date Appointed: 02/01/2019
Duration:
7 years and 2 months
Independance: Y
Name

Nicholas

Non Executive
NationalitySouth Africa
64
RoleNED
QualificationBEng (Mining)
Date Appointed: 17/07/2023
Duration:
2 years and 7 months
Independance: Y
Name

David

Non Executive
NationalitySouth Africa
68
RoleNED
QualificationHigher diploma (mech eng) , management development programme, MBA
Date Appointed: 31/03/2023
Duration:
2 years and 11 months
Independance: Y
Name

Philip

Non Executive
NationalityUnited Kingdom
RoleNED
QualificationBAcc, BCom (Hons), CA (SA)
Date Appointed: 01/08/2015
Duration:
10 years and 7 months
Independance: N
Name

Bridgette

Non Executive
NationalitySouth Africa
56
RoleNED
QualificationCIMA, CA(SA)
Date Appointed: 04/07/2012
Duration:
13 years and 8 months
Independance: N
Name

Bradley

Non Executive
NationalitySouth Africa
RoleNED
QualificationGraduate degree
Date Appointed: 28/05/2021
Duration:
4 years and 9 months
Independance: Y
Name

Adrian

Executive
NationalitySouth Africa
57
RoleED
QualificationBCom, BCompt (Hons), CA(SA)
Date Appointed: 01/09/2014
Duration:
11 years and 6 months
Independance: N
Name

Scott

Executive
NationalitySouth Africa
63
RoleCEO
QualificationBEng, MBA
Date Appointed: 01/03/2024
Duration:
2 years and 0 month
Independance: Y

 

Directors Tenure

Name
Duration
Name

Sean Flanagan

Duration7 years and 2 months
Name

Nicholas Bowen

Duration2 years and 7 months
Name

David Noko

Duration2 years and 11 months
Name

Philip Hourquebie

Duration10 years and 7 months
Name

Bridgette Modise

Duration13 years and 8 months
Name

Bradley Meyer

Duration4 years and 9 months
Name

Adrian Macartney

Duration11 years and 6 months
Name

Scott Cummins

Duration2 years and 0 month

 

Director Experience

Name
Experience
Name

Sean

Experience Construction, Business Services
Name

Nicholas

Experience Mining and Metals
Name

David

Experience Consumer Services, Mining and Metals
Name

Philip

Experience Financial Services
Name

Bridgette

Experience Financial Services
Name

Bradley

Experience Financial Services
Name

Adrian

Experience Financial Services
Name

Scott

Experience Mining and Metals

 

Company Auditors

Name
Date Appointed
Years
Name

KPMG

Date Appointed01/01/2021
Year5 years and 2 months
Name

Ernst & Young

Date Appointed01/01/1987
Year39 years and 2 months
Date: Resigned: 31/12/2020

 

Company Past Directors

Name
ED/NED
Role
Name

Michael

ED/NEDNon Executive
RoleNED
Date Appointed: 07/04/2012
Date Resigned: 17/07/2024
Name

May

ED/NEDNon Executive
RoleNED
Date Appointed: 01/01/2009
Date Resigned: 17/07/2024
Name

Bernard

ED/NEDNon Executive
RoleNED
Date Appointed: 20/10/2021
Date Resigned: 30/03/2023

 

Company Committees

Name

Sean Flanagan

Mainboard, Audit, Remuneration BD, RC, HS
Name

Nicholas Bowen

Mainboard, Audit, Remuneration BD, RC, HS
Name

David Noko

Mainboard, Audit, Remuneration BD, RC, HS, SE
Name

Phillip Hourquebie

Mainboard, Audit, Remuneration BD, RC, RE, CI, NG, HS, SE, EX
Name

Bridgette Modise

Mainboard, Audit, Remuneration BD, AU, RC, RE, CI, NG, SE
Name

Bradley Meyer

Mainboard, Audit, Remuneration BD, AU, RE, CI, NG
Name

Adrian Macartney

Mainboard, Audit, Remuneration BD, EX
Name

Scott Cummins

Mainboard, Audit, Remuneration BD, EX

 

Committee
Abbreviation
Supervisory Board
SB
Board
BD
Risk & Compliance
RC
Audit
AU
Remuneration
RE
Capital investment
CI
Industry Specific
IS
Nominations & Governance
NG
Health, Safety & Environment
HS
Social & Ethics
SE
Technology
TE
Executive
EX
Other
OT