South Africa: Sanyati Expects to Hit Forecast Net Profit

Johannesburg — CIVIL engineering and construction group Sanyati Holdings yesterday said government contracts and extending operations beyond KwaZulu-Natal had boosted its order book, positioning the black economic empowerment company to achieve its forecast net profit of R53m for the 2007-08 financial year.

The order book included a R25m contract for civil infrastructure work in Polokwane, a R75m road rehabilitation contract in Gamtoos, Eastern Cape, and a R1,9bn contract for civil works on the new King Shaka International Airport in Durban.

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