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St Helena Airport development, St Helena Island

By: Sheila Barradas     20th May 2016 The airport has been given approval to start commercial flight operations. 

St Helena Airport receives certification to start commercial flight operations

By: Creamer Media Reporter      12th May 2016 The St Helena Airport has been given the go-ahead to start commercial flight operations. South African construction firm Basil Read was, in November 2011, awarded the contract to design, build and operate the airport on the remote island of St Helena, a British territory 2 300 km north-west of... 

St Helena Airport development, St Helena Island

By: Sheila Barradas     22nd April 2016 The St Helena Airport has completed a successful five-day audit run. 

Five-day audit test of St Helena Airport completed

By: Natasha Odendaal     15th April 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 ExecuJet Africa said. The... 

Much Asphalt completes SprayPave acquisition

By: Irma Venter     19th February 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. 

Much Asphalt concludes SprayPave acquisition

By: Irma Venter     9th February 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 SprayPave from construction group... 

Basil Read sells SprayPave to Much Asphalt for R78.6m

By: Megan van Wyngaardt     30th October 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 management initiatives. 

Basil Read on hunt for new projects as St Helena Airport winds down

By: Irma Venter     11th September 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 commercial flight to the island was... 

Basil Read records R820m loss in challenging market

By: Megan van Wyngaardt     27th March 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 across all construction... 

Basil Read expects significant losses for 2014

     20th March 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 the construction and... 

TWP to shed LYT Architecture for R42m

By: Natasha Odendaal     13th February 2015 A management consortium of individuals has made a R42-million play for TWP Matomo Process Plant subsidiary LYT Architecture. The parties entered a sale of shares and claims agreement, after the architectural and design services firm was determined to be noncore and earmarked for disposal... 

Billion-rand Eastern Cape mall exceeds job-creation targets

     13th February 2015 The construction of the R1.7-billion Baywest Mall in Port Elizabeth has resulted in the employment of about 4 300 workers on site since construction started in mid-2013, which is a 43.3% increase on the 3 000 direct jobs that developers had initially forecast for the construction phase of the... 

Afrimat head speaks on how firm is navigating hostile environment

By: Irma Venter     5th December 2014 Remember the good times when construction and construction-related companies listed on the JSE, one after the other, and their share prices immediately surged upwards? The 2010 Soccer World Cup was coming and the outlook for brick and mortar was rosy. The boom of the mid-2000s, however, has since... 

When the going gets tough, the tough face the facts, says Afrimat CEO

By: Irma Venter     11th November 2014 Remember the good times when construction and construction-related companies listed on the JSE, one after the other, and their share prices immediately surged upwards? The 2010 Soccer World Cup was coming and the outlook for brick and mortar was rosy. The boom of the mid-2000s, however, has since... 

KZN resignalling project design phase reaches completion

By: Ilan Solomons     7th November 2014 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 Aubrey Lekwane tells... 

Basil Read H1 earnings plunge in a difficult contractual environment

By: Natasha Odendaal     28th August 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 group’s interim performance.... 

Basil Read expecting half-year losses

By: Leandi Kolver     21st August 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. The company noted that its... 

Mpumalanga road project due for 2015 completion

By: Sashnee Moodley     15th August 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.  

Companies to sponsor Soweto community education campus

By: David Oliveira     1st August 2014 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 through pro bono professional... 

Basil Read appoints Nicolau CEO

By: Leandi Kolver     28th July 2014 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 director of AngloGold... 

Skills development through consortium

By: David Oliveira     27th June 2014 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 km of double-track and 42... 

Basil Read appoints two senior executives

By: Leandi Kolver     12th May 2014 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 loss prevention Khathutshelo... 

R23, section 2, road rehabilitation project, South Africa

By: Sheila Barradas     28th March 2014 The South African National Roads Agency has awarded Roadcrete Africa the contract for the rehabilitation of the R23 national road. 

Basil Read aims to capitalise on St Helena know-how with new airport work

By: Terence Creamer     27th March 2014 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 remote south Atlantic island of St... 

Basil Read returns to profitability, reports rise in orders

By: Terence Creamer     26th March 2014 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 “consolidation and stabilisation”,... 

Basil Read back in black

By: Natasha Odendaal     20th March 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 would reach between 220c and... 

Basil Read awarded two projects worth more than R400m

By: Leandi Kolver     3rd March 2014 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 Eskom, was a contract for further... 

Baywest City development project, South Africa

     21st February 2014 Construction has started on the new R300-million road infrastructure in the city’s western suburbs. 

Dylan Chicken

     7th February 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: ... 

Basil Read Ends Ford Rally Team Sponsorship

     3rd December 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 various Ford Rally teams since... 

Basil Read awarded additional St Helena Airport project contracts

By: Creamer Media Reporter      18th November 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, which would be part of the... 

Mine access road on track

By: Jonathan Rodin     1st November 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. 

R637m road rehabilitation project under way

     1st November 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. 

Savanna City mixed-use development, South Africa

By: Sheila Barradas     11th October 2013 Construction group Basil Read and the Housing Impact Fund of South Africa have signed the final approvals for Savanna City. 

Basil Read awarded R240m Port Elizabeth road contract

By: Creamer Media Reporter      30th September 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 the construction of a 3.3 km... 

Basil Read to start work on R24.5bn housing project before year-end

By: Leandi Kolver     4th September 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 be located 35 km south of... 

Basil Read on prowl for African fillip to offset erratic SA conditions

By: Terence Creamer     29th August 2013 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 targeting a further expansion... 

Difficult choices ahead for institute’s Steel Awards judges

By: Ilan Solomons     16th August 2013 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, are among the 50 entries for... 

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