Executive Summary
Avengs’ primary geographic markets are southern Africa and Australia and they leverage their presence in these markets to pursue growth opportunities in East Africa, Southeast Asia and the Middle East. The company employs some 16 000 people and has an annual turnover in excess of R30 billion.
For more than 125 years, Aveng has evolved in character, capacity and reach and continues to make its mark across the globe. Its origins lie in modest construction projects but Aveng now boasts expertise in steel, engineering, manufacturing, mining, concessions, public infrastructure and water treatment.
Client Profile
Year Founded: 1880
Headquarters: Sandton, South Africa
Number of employees: 5,211 (2022)
Solution
Aveng Limited selected TreasuryONE’s outsourcing service to support its treasury operations.
“Aveng is taking maximum advantage of the opportunities provided by TreasuryONE’s Technology and FX execution outsourcing services. With more than 50 technology implementations and our substantial skills and experience in FX exposure management, TreasuryONE is a strategic partner to the Aveng Finance Team.”
Hennie de Klerk, Founder & CEO, TreasuryONE