Timeline

Basil Read, CMGM and McLaren & Eger form Group 5.

Management buy-out of Basil Read.

Basil Read listed on the JSE.

Bouygues buys 25% of Basil Read, increasing shareholding to 70% by 2002.

Basil Read becomes the first truly black-owned construction company in South Africa through a sale of 51.9% by Bouygues to a consortium of Amabubesi Investments and Metallon.

In May, Metallon sells its share into the market to black shareholders including Amabubesi, Bulelani Ngcuka and Khaya Ngqula.

Basil Read celebrates 55 years in the industry.

Basil Read achieves another financial turnover milestone – R5 billion.

Basil Read awarded the number one position for the second year running in the Sunday Times Top 100 Companies Survey

Order Book tops R8 billion ($1.1 Billion)