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Strategy

Strategy

Group review and clarified strategy

The current operating environment and underperformance of the Aveng Group has necessitated a review of the strategy and business model of the Group. The review process was undertaken at corporate and operating group levels to ensure that a thorough and intensive approach was adopted.

The clarified strategy is being viewed over a short, medium and long term horizon. The short term is a recovery and stabilisation phase in which Aveng is focused on the Group's immediate turnaround. The second phase will focus on optimising the activities of Aveng to ensure its delivery of strong returns to shareholders and the third phase will focus on the future growth of Aveng. While some of the elements of this strategy are already being implemented, others are in the process of being formulated on a continuous basis.