Murray & Roberts Holdings Ltd. shares fell the most in more than four and a half years after a bridge being built by South Africa’s second-biggest construction company collapsed over a motorway that feeds Johannesburg’s financial district. Two people were killed.
The stock dropped 7.3 percent to 11.15 rand at the close in the city, the most since February 2011, extending its decline for the year to 48 percent.
“Murray and Roberts has got a contract to build a pedestrian bridge over the highway,” spokesman Ed Jardim said by phone on Wednesday. “What has collapsed is the temporary formwork.”
Two people died as a result of the collapse and 15 were injured, according to Chris Botha, a spokesman for Netcare 911, the ambulance and trauma unit of Netcare Ltd., which had paramedics on scene.