Page 2 - Basil Read News Today

Delayed return of construction guarantees by some clients preventing it from repaying post-commencement finance.

CIDB abandons anti-competitive activity disciplinary action against eight companies.

One analyst believes the group will now probably make a loss in its current financial year.

Social infrastructure programmes granted more than twice as much of the R288m pot than black contractors.

Residents of Savanna City, in the south of Johannesburg, said that they had been made to live in these poorly built homes, some with caved-in ceilings or no electricity, for more than three years.

Each will pay R31.5m over the next three years for collusion and bid-rigging on Green Point Stadium project.

Construction company Basil Read entered into business rescue in June 2018, the process is still ongoing.

Basil Read has fallen victim to a targeted criminal ransomware attack on its IT systems, the JSE-listed construction company announced.

The extent to which sensitive data has been compromised is as yet unknown.

Since inception, the portfolio has managed to achieve a compound annual growth rate, the primary indicator of performance, of over 20%.