Basil Read Holdings Limited (JSE:BSR)
Basil Read Holdings Limited (JSE:BSR) is active in the building, civil engineering, road construction, mixed-use integrated housing development, opencast mining and related services industries.
Every South African has been touched by Basil Read in some form or another. Either by the roads they travel on, the houses they live in or the schools their children go to. For 65 years, the company has played its part in building the foundations of South Africa for all its citizens.
The group has three major areas of operation:
The mining division specialises in surface contract mining, which includes drill and blasting, load, haul and dump, material handling, in-pit water management, bulk earthmoving, thin, thick and multiple seam mining, mine spoils rehabilitation, mobile plant maintenance and management services to the mining, quarrying and construction industries. The mining division will also often assist its clients by providing mine design, scheduling and mine planning, infrastructure development, operations and project management, surveying and optimisation services across sub-Saharan Africa
The division offers complete mining services with decades of experience in hard and soft-rock mining, selective mining and material handling in remote and challenging locations. It owns and maintains a fleet of mobile mining equipment that can be deployed to meet clients’ requirements.
This division incorporates Basil Read’s civil engineering and building operations. Proven technical and financial engineering skills have reinforced the group's position among the leaders in the industry.
Major works for private and public sector clients cover a broad spectrum of civil engineering and building projects, including earthworks, bridges, infrastructure, retail and office complexes, residential housing, apartment blocks, harbor and marine works, industrial plants, educational facilities, hospitals, sports facilities, correctional facilities, roads, highways, airports, plant acquisition, disposal and maintenance, specialised associated services and related industrial activities.
This division also adds value through innovative packaging: build-operate-transfer (BOT) contracts, design and construct and alternative solutions tailored to meet client requirements.
The St Helena airport project continues to prove Basil Read’s ability to successfully execute a design-build-operate-maintain project of such magnitude and nature, being on a remote island in the South Atlantic Ocean. Although this flagship project is coming to an end, Basil Read still has R850 million of work from the client in its order book – R400 million to complete the new bulk fuel facility and R450 million to service the airport in the future.
Despite the delay in commercial flights, charter flights are able to land and Basil Read operates the airport daily as a fully functional international facility, making a real difference to the lives of residents. This has allowed a number of medical air evacuations that were previously not possible. Basil Read has a 10-year contract to operate the airport.