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Group Five plunges deeper into the red on Ghana delays

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Engineering and construction company, Group Five has slipped further into the red, revenue is down 26% while the full-year loss sits at R1.3 billion driven by higher costs from delays at its Kpone power project in Ghana. The tough construction market has seen the group's order book shrink 23% to R11.2 billion and the company has taken the decision to cut more jobs in a bid to reduce the size of its loss making divisions. Company's CEO, Themba Mosai joined Business Day TV for some perspective on the numbers and what it suggests for the company moving forward.
2 Oct 2018 5AM English South Africa Business · Business News

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