Murray & Roberts shutting down after 120 years.
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GUEST – Rob Rose – Editor at Currency
It was an icon of construction whose name is plastered across South Africa’s landmarks, yet this week it announced its liquidation. So was it a victim of circumstance, or its own own-goals?
It was a company that defined South African engineering excellence for a century, mirroring the path of the country’s industrialisation.
The landmarks it built are the country’s landmarks: the highest building in Africa, the 200m-tall Carlton Centre, built in 1975; the garish Sun City, built in 1981 for R25m; the 68,000-seater Cape Town Stadium, built for the 2010 World Cup.
It was an icon of construction whose name is plastered across South Africa’s landmarks, yet this week it announced its liquidation. So was it a victim of circumstance, or its own own-goals?
It was a company that defined South African engineering excellence for a century, mirroring the path of the country’s industrialisation.
The landmarks it built are the country’s landmarks: the highest building in Africa, the 200m-tall Carlton Centre, built in 1975; the garish Sun City, built in 1981 for R25m; the 68,000-seater Cape Town Stadium, built for the 2010 World Cup.