LATEST NEWS FOR Basil Read Holdings Ltd.  

Basil Read Holdings Ltd. is active in opencast mining, civil engineering, mixed-use integrated housing developments, roads construction, buildings and related services in the Republic of South Africa as well as select African countries.... [more info]

Stefanutti Stocks reports more than R1bn loss

31 Jul 2020 /  Roy Cokayne   6
And raises R1.18bn in provisions, including a further R462m for controversial Kusile contract.

Basil Read CEO not losing any sleep over alleged R1bn overpayment by Eskom

13 Jul 2020 /  Roy Cokayne   3
Power utility believed to have overpaid contractors at Kusile by almost R4bn.

Basil Read CEO foresees revival of the company

29 Jun 2020 /  Roy Cokayne   4
'We are not trying to wind up the business.'

Is SA heading toward life without a construction sector?

21 May 2020 /  Roy Cokayne   22
Esor follows Group Five in confirming its impending JSE delisting, while Basil Read’s listing future is uncertain.

Covid-19 disrupts Group Five’s business rescue process

8 May 2020 /  Roy Cokayne   1
First distribution delayed and sale of Everite suspended.

The construction mafia moves to the townships

2 Mar 2020 /  Ciaran Ryan   11
And how one consultant got them to leave.

Aveng execs get R17.7m in bonuses

20 Dec 2019 /  Larry Claasen   14
Troubled construction group says board approved incentives for top trio that were 'based on clearly defined performance criteria'.

Raubex’s construction focus pays dividends

12 Nov 2019 /  Roy Cokayne   1
Renewable energy projects are driving its improved financial performance.

Few signs of building and construction sector crisis abating

18 Oct 2019 /  Roy Cokayne   2
Civil engineering segment sees confidence slump to record low in Q2.

Some respite for Basil Read

9 Oct 2019 /  Roy Cokayne  
Business rescue practitioners still pursuing 'substantial' outstanding claims.

Government owes construction contractors R5.5bn

19 Sep 2019 /  Roy Cokayne   33
Paying late – or not at all – is leading to job losses and business failures.

Construction industry in survival mode

18 Jul 2019 /  Roy Cokayne   23
'An absolute destruction of a sector never before seen on the JSE' – Industry Insight.

SA’s jobs market gets tight

25 Jun 2019 /  Larry Claasen   30
It's becoming harder to stay employed in South Africa.

The investment firm that sunk Peter Moyo to suspension status

24 May 2019 /  Ray Mahlaka   6
Old Mutual’s business dealings with NMT Capital, an investment firm linked to Moyo, resulted in a 'material breakdown in trust and confidence'.

Afrimat shines in a broken sector

7 May 2019 /  Ciaran Ryan   2
By sticking to SA and diversifying into mining.

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