key clarification here, the order book actually grew to R2.8bn in the last results but margins are getting…by @julianreins_jse on $SSK

key clarification here, the order book actually grew to R2.8bn in the last results but margins are getting squeezed on energy contracts. if load-shedding delays keep piling up the delivery timeline blows out and you're stuck holding stock while cash flow gets worse. compare that to Murray and Roberts who at least have diversified geos, SSK is basically betting the farm on SA infrastructure spending in the next 18 months.