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For Murray & Roberts, these pressures culminated in November 2024, when the company voluntarily suspended trading in its shares and placed one of its divisions under business rescue.
Murray & Roberts, one of South Africa’s oldest and most iconic construction companies, is facing the end of its operations after over 120 years, following the initiation of liquidation proceedings by one of its creditors. The announcement marks a historic moment for a company that has played a central role in building South Africa’s mining and infrastructure sectors.
Founded in 1902, Murray & Roberts grew to become a key player in the nation’s development, particularly in mining, energy, and transport infrastructure. The company experienced significant expansion between 2000 and 2010, with its project order book increasing to R42 billion and revenues quadrupling to R32 billion. This growth was fueled by infrastructure investments ahead of the 2010 FIFA World Cup and rising global demand for mining and transport projects.
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However, the post-2010 decade brought mounting challenges. Economic growth slowed in South Africa, government infrastructure spending declined, and investments in new mining operations dwindled, putting considerable strain on companies reliant on public tenders. For Murray & Roberts, these pressures culminated in November 2024, when the company voluntarily suspended trading in its shares and placed one of its divisions under business rescue.
