2014

Basil Read’s business is to build the roads, bridges and power stations on which
our economy and society depend.
Our impact, however, goes way beyond infrastructure.
Throughout this report, we elaborate on the achievements, challenges and disappointments of
our social and environmental performance for the review period in creating value for all our stakeholders.

Overview

 

Countries of operation

6

 
 

Current projects

57 sites

 
 

Training spend

R10 million

 
 

Employees

6 426

 
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Divisional review

Construction79% contribution to turnover

Roads

The roads division offers clients exceptional capabilities and specialised services to ensure each project is a world-class achievement.

Key operations

  • Earthworks
  • Bridges Roads and highways
  • Airports
  • Supply and spraying of bitumen and related products
  • Township infrastructure.
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Civils and plant

The civils division serves a multiple and diverse client base in both the government and private sectors with the best in civil engineering and construction.

Key operations

  • Airports
  • Bridges
  • Harbour and marine works
  • Stadiums
  • Industrial plants
  • Sliding
  • Plant acquisition, disposal and maintenance.
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Building and developments

Basil Read is reshaping the construction sector in South Africa, packaging its expertise, innovation and quality in one integrated construction solution.

Key operations

  • Retail and office complexes
  • Residential housing
  • Apartment blocks
  • Educational facilities
  • Hospitals
  • Correctional facilities
  • Property development
  • Housing schemes for low and middle-income earners
  • Public-private partnerships (PPPs).
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Pipelines

Strong teams with decades of specialist skills in bulk pipeline construction and related activities.

Key operations

  • Infrastructural pipelines
  • Specialised associated activities.
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St Helena airport project

Basil Read is proving that effective risk management is critical in providing a turnkey service in the engineering, procurement and construction environment.

Key operations

  • St Helena is a prime example of company-wide disciplines on a single project.
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Mining21% contribution to turnover

Mining

Specialist skills and experience set Basil Read mining apart in a competitive industry.

Key operations

  • Surface contract mining
  • Mine spoils rehabilitation
  • Bulk earthmoving
  • Thin, thick and multiple seam mining
  • Hard-rock selective mining
  • Materials handling
  • Specialised drill and blast services
  • Mine design and planning
  • Infrastructure development.
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Strategic context

Worldwide, construction is a cyclical industry. Understanding that Basil Read’s sustainability depends on our ability to manage the company at the top and bottom of economic cycles, we critically reviewed the business in 2014 to restore profitability and build a stable platform for sustainable growth.

In developing an 18-month turnaround strategy (detailed by the CEO here), and following intense management debates on the construction cycle over the next five years, we identified key drivers which, in turn, meant developing a new vision and mission for the company based on our core strengths and aim of building legacies.

Vision

To be the leading construction company in southern Africa, acknowledged as the:

  • Preferred constructor
  • Preferred employer
  • Preferred investment.

Mision

To deliver safe, profitable projects and services.

Values

We believe our corporate values determine every interaction, in the company and externally.

We also believe that, to be meaningful, we need to be able to observe these values in action – given that behaviour underpins future results.

The consultative process of crystallising Basil Read’s values is under way, and will be finalised in the new reporting period.

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Report downloads

Individual sections or the full report available as PDFs and useful links.

Full Integrated Annual Report 2014

(9.72 mb)