News

  • Basil Read awarded rehabilitation of National Route 5 by SANRAL

    Basil Read, the JSE-listed construction and engineering Group, has been awarded the rehabilitation of the National Route 5, Section 4 between Vaalpensspruit and Winburg by SANRAL. The contract value is R279 million and the duration of the project is 24 months starting mid-February 2013. The total length of the road for rehabilitation is 33.4 kilometres, starting east of Vaalpensspruit (excluding the bridge) and terminating west at N1 on/off ramps. The scope of the road works includes: Horizontal re-alignment of three sections Crushing of approximately 800 000 tons of G1/G5 Construction of six new climbing lanes (total length about 19km) Upgrading […]

  • Basil Read awarded Project of the Year

    Basil Read, the JSE-listed construction group, has been presented the Project of the Year award by Construction World magazine for the St. Helena Island airport project. The two-phase project is funded by the British Government’s Department of International Development and is valued at about R3,5 billion (GBP 250-million). “We are delighted to receive this award from Construction World magazine, a year into the construction of the airport.” said Marius Heyns, CEO of Basil Read. The judges were unanimous in their decision to award top honours in the Civil and Building Contractors (outside South Africa) category was awarded to Basil Read […]

  • Basil Read carries out largest blast on St Helena Island

    Basil Read, the JSE-listed construction group, carried out the largest blast on St Helena island on 16 November 2012 in preparation for the commencement of the airport construction as part of the St Helena Airport Project. The two-phase project is funded by the British Government’s Department of International Development and is valued at about R3,5 billion (GBP 250-million). Marius Heyns, Basil Read CEO said, “We are excited about the progress on the project thus far. It is exactly a year since we commenced with the construction of the airport and enormous progress has been made both in terms of the […]

  • Basil Read bags access road for the Husab Uranium Mine Project

    Basil Read, the JSE-listed construction and engineering Group, has been awarded the building of the permanent access road for the Swakop Uranium’s Husab Uranium Mine project. The total contract value is Namibian $193 million or R193 million. Production will take about 15 months and the project should be completed by February 2014. The road will be 11 metres wide and comprise one 3.5m lane in either direction with a 0.3m surfaced shoulder and 1.7m unsurfaced shoulder. Some 2 200 tons of cement and 190 000m² of Cape seal will be used in the construction of the 22 km road which […]

  • Basil Read sells TWP Holdings for cash consideration of R900 million

      Growth strategy for Engineering, Procurement and Construction (EPC) business unchanged Cash consideration to be applied to reduction of debt, organic growth, and capital management initiatives 23 October 2012 – Basil Read is pleased to announce that it has entered into an agreement with WorleyParsons Limited (WP) whereby WorleyParsons RSA Group (Pty) Limited, a wholly-owned subsidiary of WP, will acquire the entire issued share capital of TWP Holdings (Pty) Limited (TWP) for a cash consideration of R900 million.   The acquisition of TWP excludes Basil Read Matomo Projects (Pty) Limited, TWP Investments (Pty) Limited and LYT Architecture (Pty) Limited, formerly […]

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