Aveng has received a notice purporting to terminate the contract for the construction of the Leonardo in Sandton from Seventy Five on Maude (Pty) Limited, which is part of Mr. Bart Dorrestein's Legacy Group. Aveng entered into the Leonardo Contract in October 2015. In the intervening period, the project suffered delays, the responsibility and consequence of which are the subject of various disputes, dealt with in terms of the agreed dispute resolution mechanisms. Aveng's position is that the grounds for termination relied on by the Employer are incorrect, inaccurate and ill- conceived, and are accordingly denied. Furthermore, Aveng is of the view that the Employer is itself in material breach of the Contract, which precludes the possibility of a valid termination. Therefore, the action taken by the Employer amounts to a clear repudiation of the Contract. Aveng has accepted the repudiation and as a result has consequently terminated the Contract on the basis of this repudiation. Aveng has fully reserved its rights and intends to recover its damages resulting from the termination. Aveng considers the building to be practically complete for the purposes of its intended use.