137-year-old South African construction giant gets a new CEO

• Aveng's new CEO, Fraser Wyllie, will take over on October 1, 2026, tasked with turning around the company's fortunes.
• Aveng has struggled in recent years due to the slowdown in South Africa's economy and mining sector, and has attempted to diversify its earnings through investments in Australia and New Zealand.
• Wyllie's appointment comes as infrastructure spending is expected to surge in South Africa and globally, which could provide a boost to Aveng's turnaround efforts.