Aveng expects to take a dip

AFRICA'S second-biggest construction group, Aveng, expects its performance in the first half of 2010 to be worse than 2009 as trading conditions remain tough, it said on Friday.

AFRICA'S second-biggest construction group, Aveng, expects its performance in the first half of 2010 to be worse than 2009 as trading conditions remain tough, it said on Friday.

The South African World Cup stadium builder said volumes in its steel manufacturing and processing business had stabilised, but the continued strength of the rand would hurt foreign earnings. - Reuters

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