Following its acquisition, effective 1 April 2017, by a consortium led by the Southern Palace Group (Southern Palace), which includes the Public Investment Corporation (PIC), Murray & Roberts Construction was renamed and rebranded as Concor.
Southern Palace is a wholly black-owned South African diversified industrial holding company with interests in numerous well-established businesses. Southern Palace is the new majority shareholder in Concor, followed by the Government Employees Pension Fund, represented by the PIC which now owns 25% of Concor.
The acquisition signaled a historic moment in the company’s history. Concor is now a leading black-owned infrastructure and buildings services business based in South Africa and benefits from the 115 and 69 year legacies of Murray & Roberts Construction and Concor respectively.
Concor provides financial assistance to qualifying students, enabling them to complete a Degree or National Diploma in construction related studies, at a recognized South African University or University of Technology. Investment in construction related bursaries provides the company with high caliber graduates, ensuring that its medium and long term human capital requirements are met.
The fields of study will be revised from time to time, but currently includes:
Building / Construction Management
Health, Safety & Environment (HSE)
Requirements and eligibility
Must be a South African citizen
Must be younger than 30 years old
Must be a full-time student studying towards a relevant Degree or National Diploma at a recognized South African University or University of Technology
Must have successfully completed their 1st year of study
Must have no other bursary awarded by another organization.