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Topic - Basil Read
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Apr 22, 2016
The St Helena Airport has completed a successful five-day audit run.
Apr 15, 2016
The Bombardier Challenger 300 aircraft that made the inaugural flight to St Helena Airport (HLE), in the south Atlantic Ocean, returned to its Lanseria, Johannesburg, base on Friday, following a successful five-day audit run, global business aviation organisation...
Feb 19, 2016
Much Asphalt has completed the acquisition of SprayPave, following Competition Commission approval for the transaction, says Much Asphalt MD Bennie Greyling. Much Asphalt is South Africa’s largest manufacturer of asphalt products.
Feb 09, 2016
Much Asphalt has completed the acquisition of SprayPave, following Competition Commission approval for the transaction, says Much Asphalt MD Bennie Greyling. Much Asphalt is South Africa’s largest manufacturer of asphalt products. The company’s acquisition of...
Oct 30, 2015
Construction group Basil Read will sell its SprayPave bituminous road binder manufacturing subsidiary to hot and cold asphalt products supplier Much Asphalt for R78.6-million. The JSE-listed company would use the net proceeds to reduce its debt and fund its capital...
Sep 11, 2015
Construction group Basil Read returned to profit in 2015, but CEO Neville Nicolau indicated at a recent presentation that cash was tight and that there were also concerns about finding replacement contracts for the large-scale St Helena Airport job. The first...
Mar 27, 2015
A challenging construction sector, difficult contractual environment and poor operational performance have contributed to JSE-listed construction company Basil Read reporting an R820.9-million aftertax loss for the year ended December 31, 2014. “Lossmaking contracts...
Mar 20, 2015
JSE-listed construction group Basil Read expects to report a loss a share of between 588c and 635c for the year ended December 31. This would be between 349% and 369% lower than the earnings a share of 235.9c recorded in 2013, owing to losses relating to contracts in...
Feb 13, 2015
Feb 13, 2015
Dec 05, 2014
Nov 11, 2014
 
 
 
Nov 07, 2014
INTERFLO 200 RAIL CONTROL SOLUTION The solution will enable a 2.5-minute headway, thereby eliminating bottlenecks while increasing safety and availability
Rail technology manufacturer Bombardier Transportation South Africa (BTSA) is progressing well with State-owned mass transportation system operator Passenger Rail Agency of South Africa’s (PRASA’s) R1.1-billion resignalling project, in KwaZulu-Natal, BTSA sales head...
Aug 28, 2014
Construction, mining, development and engineering group Basil Read late on Wednesday posted heavy losses for the six months to June, as lossmaking contracts, a “difficult” contractual environment, labour unrest and slow infrastructure spend weighed on the JSE-listed...
Aug 21, 2014
Construction, mining, development and engineering group Basil Read on Thursday announced that it expected a loss a share for the six months ended June 30, of between 131.18c and 160.33c, compared with the 198.28c earnings a share in the prior corresponding period....
Aug 15, 2014
The South African National Roads Agency Limited’s R637-million rehabilitation project of the R23, from Standerton to Greylingstad, in Mpumalanga, is due for completion by the end of 2015.
Aug 01, 2014
DEVLAND COMMUNITY EDUCATION CAMPUS The superstructure, which includes construction of the foundations and raising the support columns for the concrete roof, is currently under construction
South Africa and US-based nonprofit organisation Growing Up Africa (GUA) formed a collaboration in the building industry for the construction of a multipurpose education campus, the Devland Community Education Campus, in Soweto. The building is primarily funded...
Jul 28, 2014
Basil Read CEO Neville Nicolau
Construction, mining, development and engineering group Basil Read on Monday announced the appointment of Neville Nicolau as CEO and executive director of the company as from September 1. Nicolau, a former CEO of Anglo American Platinum and a former COO and executive...
Jun 27, 2014
PRASA RESIGNALLING PROJECT The project involves the resignalling of 260 km of double-track and 42 major train stations on the Durban commuter rail network
The Bombardier Africa Alliance (BAA) consortium is currently in the design phase of the Durban portion of State-owned rail operator the Passenger Rail Association of South Africa’s (PRASA’s) national resignalling project. The project involves the resignalling of 260...
May 12, 2014
Basil Read outgoing CEO Marius Heyns
Construction, mining, development and engineering group Basil Read on Monday announced the appointment of two senior executives at subsidiary level with immediate effect. The company had appointed former diamond miner De Beers principle process engineer and head of...
Mar 28, 2014
The South African National Roads Agency has awarded Roadcrete Africa the contract for the rehabilitation of the R23 national road.
Mar 27, 2014
Outgoing Basil Read CEO Marius Heyns
Construction group Basil Read, which has placed improved project selectivity at the heart of its ongoing turnaround strategy, is working on two new airport developments in the hope of capitalising on the airport-related experience it is gaining currently on the...
 
 
 
 
Mar 26, 2014
Basil Read CEO Marius Heyns
Construction group Basil Read returned to profitability for the year to December 31, 2013, reporting a net profit after tax from continuing operations of R100.5-million, up from a net loss of R196.1-million in 2012. CEO Marius Heyns described 2013 as a year of...
Mar 20, 2014
JSE-listed construction, mining, development and engineering group Basil Read expects a return to profitability for the year to December as its earnings increased over the period. The group said on Thursday that earnings per share (EPS) for the 12 months under review...
Mar 03, 2014
Medupi power station
Construction, mining, development and engineering group Basil Read on Monday announced that it had secured two significant projects collectively worth more than R400-million. The first project, which was awarded to Basil read Civils by State-owned power utility...
Feb 21, 2014
Construction has started on the new R300-million road infrastructure in the city’s western suburbs.
Feb 07, 2014
Main Activity of the Company: Import and distribution of construction and mining machinery, and the provision of aftersales services and support through a local distributor network Date and Place of Birth: 5 February 1974, Johannesburg Education: ...
Dec 03, 2013
Basil Read, the JSE-listed construction and engineering group today announced that it will not renew its sponsorship of the Ford Rally team for the 2014 year due to a realignment of the Group’s marketing and promotions objectives. Basil Read has been a sponsor of...
Nov 18, 2013
JSE-listed construction and engineering group Basil Read has been awarded two contracts for additional work on the St Helena Airport project. The first contract, valued at R244-million, would entail the design and construction of a permanent wharf in Rupert’s Bay,...
Nov 01, 2013
Construction company Basil Read has completed 60% of an access road to the second-largest uranium mine in the world, Husab mine, in Namibia, reports Basil Read MD Dave Bennett.
Nov 01, 2013
The the rehabilitation project of a section of national road R23, between Standerton and Greylingstad, in Mpumalanga, is 8% completed and expected to be complete in June 2016, says Roadcrete Africa, a 100% subsidiary of construction and engineering group Basil Read.
Oct 11, 2013
Construction group Basil Read and the Housing Impact Fund of South Africa have signed the final approvals for Savanna City.
 
 
 
 
Sep 30, 2013
JSE-listed construction and engineering group Basil Read’s Roads division has been awarded a R240-million contract to build the New Redhouse Chelsea Interchange in Port Elizabeth. The contract, which was awarded by the South African National Roads Agency, will entail...
Sep 04, 2013
Construction group Basil Read and the Housing Impact Fund of South Africa (HIFSA) have signed the final approvals for South Africa’s largest privately initiated integrated, mixed-use housing development, Savanna City. Construction on the R24.5-billion development, to...
Aug 29, 2013
Basil Read CEO Marius Heyns
The head of JSE-listed construction group Basil Read says he remains “upbeat” about the prospects for a recovery in the South African project economy, especially from the second half of 2014. However, Marius Heyns tells Engineering News Online that the group is also...
Aug 16, 2013
LIGHT-STEEL-FRAME HOUSINGLight-steel-frame building offered the best solution for creating a village on Saint Helena islan
A workers accommodation project, which used the light-steel frame building (LSFB) method on Saint Helena island, in the South Atlantic Ocean, about 1 770.2 km west of Luanda, Angola, and the new office building of banking firm Standard Bank in Rosebank, Johannesburg,...
Aug 14, 2013
Basil Read CEO Marius Heyns
Construction group Basil Read has informed the market that its earnings will be sharply higher for the interim period to June 30, 2013, owing to the profit realised from the disposal of TWP Holdings and an overall improvement in its operational performance. The...
Aug 01, 2013
Former Basil Read deputy CEO Donny Gouveia
Donny Gouveia has resigned as the deputy CEO of Basil Read to pursue an opportunity in the construction/financial services industry, the JSE-listed group said on Thursday. Gouveia, whose resignation is effective from July 31, joined Basil Read 12 years ago. He...
Jul 17, 2013
Namibian copper miner Weatherly International is concluding the final documentation stage with Red Kite for an $80-million debt facility for the development of the 70 000 t/y Tschudi solvent extraction and electrowinning copper project. The Aim-listed miner pointed...
Jul 12, 2013
The Trans-Kalahari Highway is about to experience a massive investment of about N$1.3-billion with the creation of Route 301, linking Gobabis directly to Grootfontein, thus enhancing the Trans-Caprivi Highway as well.
Jul 12, 2013
The Roadcrete Africa division of JSE-listed construction and engineering group, Basil Read, has been awarded a contract by the South African National Roads Agency for the rehabilitation of 26 km of the R23 national road between Platrand and Standerton, in the Lekwa...
Jun 28, 2013
Engineering and construction group Basil Read has confirmed that the dispute between it and engineering solutions provider Gast will be resolved through arbitration.
 
 
 
 
Jun 21, 2013
Medupi
Engineering and construction group Basil Read on Friday confirmed that a dispute between it and engineering solutions provider Gast, its subcontractor on the Medupi power station construction project, would be resolved by way of arbitration. This followed accusations...
Jun 03, 2013
Engineering and construction group Basil Read on Monday announced the appointment of Pieter Marais as financial director, effective immediately. Marais would replace outgoing financial director Donny Gouveia, who had resigned from the position to continue in the...
Mar 29, 2013
The rehabilitation project entails the reconstruction of national road R23 from Standerton to Greylingstad, in Mpumalanga.
Mar 15, 2013
JSE-listed construction, mining, development and engineering group Basil Read has named Bruce Morton as its special projects and construction executive director. Morton is a transportation and engineering specialist with extensive experience in airport, road and rail...
Mar 13, 2013
Basil Read Matomo, subsidiary of Basil Read, the JSE-listed construction, mining, development and engineering group, today announced the opening of a new office in Cape Town
 
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