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Basil Read enters new avenue with Savanna City residential development

By: Simone Liedtke     7th June 2018 As part of its turnaround strategy, construction group Basil Read on Thursday launched Basil Read Homes with the first of its 44 residential units on a land parcel at Savanna City, south of Johannesburg, which will, upon completion, boast about 18 399 integrated housing units. “This launch is a... 

Basil Read to take on building of top structures

By: Megan van Wyngaardt     7th March 2018 Local construction company Basil Read has received permits from the National Home Builders Registration Council (NHBRC) to start building top structures at its housing developments, such as its Savanna City Estate mixed-use development, near Orange Farm, in Gauteng. The top structure would be... 

Basil Read intensifies focus on integrated housing development to strengthen order book

By: Megan van Wyngaardt     23rd August 2016 Construction company Basil Read will be focusing in particular on the integrated housing development sector to drive future growth and strengthen its order book, as this “is a real opportunity for South Africa”. Speaking to Engineering News Online on Tuesday, CEO Neville Nicolau highlighted that... 

Megaproject strategy to permanently alter housing development landscape – Makhura 

By: Natalie Greve     7th April 2015 The Gauteng provincial government (GPG) has fleshed out a radical Mega Projects human settlements strategy that will signify a “paradigm shift” in spatial planning and housing development in the province, transitioning urban planning towards projects that delivered no fewer than 15 000 units and... 

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... 

Govt pioneers youth brigade programme for construction sector  

By: Natalie Greve     1st December 2014 Drawing on a Cuban skills development model first implemented by the island State in 1964, the Department of Human Settlements (DHS) has, in partnership with the National Youth Development Agency, the National Home Builders Registration Council and the Estate Agency Affairs Board, outlined plans... 

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 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 concludes $15m Klipriver property deal

By: Natasha Odendaal     25th February 2013 JSE-listed construction and engineering group Basil Read subsidiary Basil Read Developments last week sold the seventh property within its Klipriver Business Park development. The $15-million deal would see a 3.2 ha property within the business park transferred to China-based agricultural food... 

Company Announcement: Basil Read Developments makes R15 million Sale at Kliprivier Business Park

20th February 2013 Basil Read Developments has concluded another major sale at its Klipriver Business Park for R15m to Chinese Investor, New Hope South Africa (Pty) Limited 

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