Global programme management and construction consultancy Turner & Townsend increased its turnover for the financial year to April 30, to R7.2-billion, with turnover in Africa up 3% to more than R290-million.
The R7.2-billion was up 11% on the R6.8-billion achieved in the previous year.
Turner & Townsend attributed the increase to a yearly growth rate of 9.88% on the continent between 2011 and 2015, as well as the implementation of its long-term strategy of diversification, geographically and across its three core sectors of property, infrastructure and natural resources, which successfully absorbed the recent volatility in the oil and gas market.
“Despite ongoing challenging conditions in natural resources, our diversity of services allowed us to build on our local presence and knowledge, supporting global clients in Africa in our core sectors,” Turner & Townsend Africa MD Ian Donaldson commented.
“Our continued development and investment into our East and West Africa hubs saw increased income from our Kenyan and Ugandan operations.
“The property and infrastructure sectors remain growth areas in the Africa region. Over the next year, we will continue to invest in our service model, to build further on our expertise in major programme set-up, assurance, contract services and information modelling,” Donaldson pointed out.
