Basil Read frustrated in its attempts to exit business rescue
Delayed return of construction guarantees by some clients preventing it from repaying post-commencement finance.
Source: moneyweb.co.za
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Top News In Basil Read Today - Breaking & Trending Today
Construction companies that didn't sign VRP settlement agreement are off the hook
CIDB abandons anti-competitive activity disciplinary action against eight companies.
Source: moneyweb.co.za
M&R shares nosedive 36.5% after results warning
One analyst believes the group will now probably make a loss in its current financial year.
Source: moneyweb.co.za
Trust tasked to develop construction sector allocates less to industry, more to state projects
Social infrastructure programmes granted more than twice as much of the R288m pot than black contractors.
Source: moneyweb.co.za
Shoddy work turns 'dream' RDP homes into a nightmare for Savanna City residents
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.
Source: ewn.co.za