Aveng outlines new business plan, posts H1 loss

JSE-listed Aveng, which posted a headline loss of R335-million for the half year ended December 31, on Tuesday outlined details of the outcome of its strategic review, which involved a very “thorough and robust interrogation” of all parts of the business. The review was aimed at  identifying the businesses and assets that are core to the group and which support its overall long-term strategy, determining the most appropriate operating structure, as well as identifying a sustainable future capital and funding model.