News
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Basil Read faces down tough conditions
Highlights The group ended the year with its strongest order book in nearly six decades, at a level of R12.5 billion from the previous year’s R7.8 billion International operations are gaining momentum, with notable growth in Australia, Peru Colombia Judicious acquisitions in high-growth sectors Construction and engineering company Basil Read has withstood another year of difficult trading conditions and global economic volatility, returning a satisfactory set of results for the period to 31 December 2011 and, overall, faring relatively well. The board noted that while the economic recovery would be protracted and exacerbated by the marked slowdown in infrastructure projects [...]
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Basil Read awarded contract to construct airport on St Helena Island
Construction company Basil Read has been awarded the contract to design, build, operate and transfer an airport on the Island of St Helena by the Government of St Helena. The project is being funded by the Department for International Development (DFID), a department of the British government. The design phase of the R2.7-billion project is scheduled to commence immediately, and construction is estimated to take place over a 48-month period. The scope of work entails a 1 850 m quality concrete runway with taxiway and apron to cater for aircraft up to the size of an Airbus A320 and Boeing [...]
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Protea Parkways Consortium announced as the preferred bidder on the N1/N2 Winelands Toll Roads
The Basil Read Group is pleased to announce that the Protea Parkways Consortium has been selected as the preferred bidder for the R10 billion N1/N2 Winelands Toll Roads Project in the Western Cape. The Protea Parkways Consortium, consisting of lead construction partners Basil Read, Group Five and Bouygues, will enter into a Public-Private Partnership (PPP) agreement with SANRAL, whereby the consortium will finance the construction, maintenance and operation of the roads through toll collection and be required to hand over the roads to SANRAL after a 30-year period. The Basil Read Group wishes to congratulate its PPP/Special Projects team for [...]
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Basil Read is certified as a Best Employer by the CRF Institute
The CRF Institute has certified Basil Read (Pty) Ltd as a Best Employer for 2011/12. The CRF Institute is an international research and media group, specialising in HR, strategy and leadership research. For over 20 years CRF has worked with Blue Chip and Fortune 500 clients from around the globe, helping them deliver on their employer brand and communicate their strides as an employer of choice effectively. In order for an organisation to be awarded this accolade, the CRF Institute administer a survey into the formal and informal policies and practices currently used within the organisation and benchmark these against [...]
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BR Mining SA lands local contract award
Basil Read Mining SA has been awarded a new contract by De Beers Consolidated Mines Limited which involves the re-handling of blasted spillage, Kimberlite and the handling of aggregate and tailings. Furthermore the contract will involve loading and hauling aggregate and tailings from stockpile into main pit. This contract valued at R42 million is expected to last 12 months but may be extended. This is the first contract awarded to the Mining Division in South Africa, since the end of the Eastern Platinum Contract in 2006.