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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]

Competition settlement: Only two construction firms up to date on payments

30 Nov 2020 /  Roy Cokayne   3
'Each company must plead its own case for deferment' – Safcec.

Basil Read business rescue on track

7 Oct 2020 /  Roy Cokayne   3
Hopeful about participating in government’s multi-billion-rand infrastructure plan.

Infrastructure: Construction industry ready and able to deliver

30 Sep 2020 /  Roy Cokayne   16
But it's concerned about projects taking too long to be awarded, the skills flight and corruption.

New twist in R429m civil damages claim against construction companies

28 Sep 2020 /  Roy Cokayne   8
Claim against WBHO, Aveng and Stefanutti Stocks relates to collusion and bid-rigging ahead of 2010 Fifa World Cup.

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.

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