Murray & Roberts Holdings Limited (Dec 2023)

Research
statistical-img (1)
Credit Reports

Over 1500 reports, spanning 22 countries, detailing GCR’s opinion regarding the creditworthiness of an entity, a security or financial instrument, or an issuer of securities or financial instruments.

industry-img (1)
Industry Reports

A collection of publications, providing you with key industry analysis and insights across various geographical regions.

SFresearchsite (1)
Monitoring Updates

Dashboards exhibit key performance metrics related to Structured Finance transactions publicly rated by GCR, which include credit enhancement levels, excess spread, defaults, recoveries and covenants.

Filename MR-Final-Report-2023.pdf
Filesize 355.56 KB
Version paid report
Date added December 14, 2023
Category Corporates, Credit Rating Reports
Tags South Africa

Murray & Roberts Holdings Limited (M&R or the group) has repositioned itself from a heavy construction company to a multinational engineering and contracting specialist to the global mining sector. This follows the loss of its interests in Murray& Roberts (Pty) Ltd (MRPL) which held its shareholding in both Clough Limited (Clough) and RUC Cementation Mining Contractors (Pty) Ltd (RUC) in Australia during the financial year ended 30 June 2023, along with its disposal of its 50% stake in the Bombela Consortium that operated the Gautrain service. The mining business is well represented in South Africa and Africa through Murray & Roberts Cementation and in North and South America through Cementation Canada and Cementation USA (combined referred to as Cementation). M&R has established Cementation APAC to regain a presence in Australia, albeit that this business is in its infancy. M&R also houses a significantly smaller regional, Power, Industrial & Water (PIW) platform that operates predominantly within the Southern African power and renewable energy markets.