Basil Read sells non-core properties
The sale of the Ekurhuleni properties is in line with the financially distressed construction firm’s business rescue plan
06 September 2019 - 18:16
On Friday, Basil Read, one of SA’s iconic construction firms currently fighting for survival, announced the sale of properties in Ekurhuleni as part of a strategy to dispose of non-core assets in the group.
Basil Read and its peers in the construction industry have experienced a shortage of major projects amid a downturn in the SA economy and a deterioration of the country’s public finances...
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