Murray & Roberts has announced that, after over a century of operation, one of its creditors has instituted liquidation proceedings, marking the end of the road for the iconic South African construction company.
Founded in 1902, Murray & Roberts is one of South Africa’s oldest companies and has played a pivotal role in building the country’s mining infrastructure over the past century.
Between 2000 and 2010, Murray & Roberts experienced significant growth, with its project order book increasing exponentially to R42 billion and revenues quadrupling to R32 billion.
This period was characterised by the lead-up to the 2010 FIFA World Cup and the infrastructure investment programme launched by the government to…