Basil Read

Construction Sector being demolished as Group Five succumbs to depressed market

The decision taken by Group Five, one of SA’s construction giant which built the Moses Mabhida stadium, to file for bankruptcy protection, has come as a shock to the nation as the sector may be collapsing.

Colluding Construction giants reach aggreement with Government

Construction companies that colluded around the 2010 Fifa World Cup Stadium projects, have paid their first sum of R117m in terms of the settlement agreement they entered into with the National Revenue Fund.

Cape Town suing Construction companies over World Cup stadium loot

The City of Cape Town is suing several construction companies, accused of colluding during the construction of stadiums in the build-up to the 2010 FIFA World Cup.

Colluding construction firms agree to pay R1.5bn to help transformation

The South African Government reached an agreement with seven listed construction groups found to have participated in collusion. The companies will contribute R1.5 billion to help black-owned partners grow.

Competition Tribunal confirms Aveng deal

Competition Tribunal on Wednesday confirmed an immunity agreement between JSE-listed construction group Aveng struck with the Competition Commission.

Basil Read sure it is blameless over St Helena

Basil Read continues to be buffeted by the R4.6bn St Helena Airport it is building on behalf of the British government, despite the UK department for international development confirming there are no legal claims around wind-related project delays.

Murray & Roberts to take part in bid-rigging settlement deal

Murray & Roberts has opted to participate in a R1.25bn “voluntary” settlement agreement between construction companies and the government to allay competition authority penalties and accelerate transformation in the industry.

Road project speeds up Port Elizabeth bridge

Developers of the R300-million Baywest road network have started placing the first of the 70-ton concrete beams that make up the bridge linking two sides of Port Elizabeth across the N2 freeway.

Basil Read launches R1.85 billion Malibongwe Ridge Development

Basil Read Developments a division of JSE-listed construction group Basil Read, on 11 March 2013 broke ground on a R1,85 billion Malibongwe Ridge mixed-use development, close to Cosmo City in northwest Johannesburg.

total: 9 | displaying: 1 - 9