| DATE |
EVENTS |
1952 |
Basil Read (Pty) Ltd founded by Basil Leonard Read |
| 1974 |
Basil Read, CMGM and McLaren & Eger
form Group 5 |
| 1984 |
Management buy-out of Basil Read |
| 1987 |
Basil Read listed on JSE |
| 1993 |
Bouygues buys 25% of Basil Read, increasing shareholding to 70% by 2002 |
| 2005 |
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 |
| 2006 |
In May, Metallon sells its share into the market to black shareholders including Amabubesi,
Bulelani Ngcuka and Khaya Ngqula. |
| 2007 |
Basil Read celebrates 55 years of existence in construction |
| 2008 |
Basil Read achieves an order book milestone financial achievement of R5 billion. |
| 2009 |
Awarded the number one position for the second year running in the Sunday Times Top 100
Companies. |
| |
