RBX - Raubex - Raubex Group awarded two major contracts in Namibia for a total
RBX
RBX
RBX - Raubex - Raubex Group awarded two major contracts in Namibia for a total
value of one billion rand
RAUBEX GROUP LIMITED
(Previously Lexpub 49 Investments Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/023666/06)
Share Code: RBX
SIN: ZAE000093183
("Raubex" or "the Company")
RAUBEX GROUP AWARDED TWO MAJOR CONTRACTS IN NAMIBIA FOR A TOTAL VALUE OF ONE
BILLION RAND
Raubex Group, the JSE-listed road construction and rehabilitation company, is
pleased to announce the awarding of two major contracts by the Namibian Roads
Authority for a total value of R1 billion.
The contracts cover the rebuilding and tarring of two sections of road between
Nkurenkuru and Elundu in the Kavango region of northern Namibia. Work is
expected to commence in May 2009 and will run for a period of approximately two
years. The road is a major artery for the transport of goods between Namibia and
Angola.
Francois Diedrechsen, Raubex`s Commercial and Financial Director, said: "The
awarding of these contracts is very positive for Raubex and aligned with our
long-term strategy to carefully expand our successful business model in the SADC
region beyond South Africa and Zambia.
"We have the adequate mix of skills and experience to tap into the growing
African road construction market and will continue to position Raubex as a major
player in geographies meeting our investment criteria."
Centurion
6 April 2009
ENQUIRIES
Raubex 012 665 3226
Francois Diedrechsen
College Hill 011 447 3030
Fred Cornet 083 307 8286
Hayley Crane 072 758 1677
Sponsor
Investec Bank Limited
www.raubex.co.za
Date: 06/04/2009 12:26:33 Produced by the JSE SENS Department.
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