Basil Read  
ANNUAL REPORT 2009
Milestones in time
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Group profile  
   

Basil Read Holdings Limited, founded in 1952 and listed on the JSE, is one of the top construction companies in South Africa. Operating throughout Africa, its subsidiaries specialise in civil engineering, road construction, building, mixed integrated housing developments, property development, bitumen distribution, opencast mining, blasting operations and engineering design, procurement and construction management.

The group’s construction division develops and implements technical and financial engineering solutions for private and public sector clients covering projects such as earthworks, bridges, pipelines, harbour and marine works, industrial plants, stadiums, roads, highways, airports, retail and office complexes, apartment blocks, educational facilities, hospitals, prisons and residential housing.

The group’s mining operations comprise opencast contract mining, mine rehabilitation, bulk earthmoving, seam mining, hard-rock selective mining, materials handling, blasting and excavating.

Basil Read’s developments division is involved in the construction, development and project management of integrated housing schemes and other property-related developments.

The group’s new engineering division’s core business is engineering design, procurement and construction management (EPCM) and the division is able to offer a wide spectrum of services including resource identification, bankable feasibility studies, mine and production planning, process engineering, project execution, delivery and handover, and architectural design.

 
   
 

Strategy

Our strategy was the driving force in rebuilding the group over the past five years. The discipline and determination with which we have applied this strategy have seen Basil Read placed first in the prestigious Sunday Times Business Times Top 100 Companies – for two consecutive years. The scale of key contracts we have been awarded in that time reinforces the skill and passion we bring to every project.

     
 

Precision

Milestones through the ages have been measured and marked by increasingly advanced timekeeping devices – clocks. At Basil Read, we measure our progress in the same way. In 2008, we reached a milestone in our company’s history by delivering the highest return for shareholders per share of any listed company in South Africa. In 2010, we are aiming to reach our goal of turnover of R5 billion. And we’ll pass another in 2013 when turnover is set to reach R10 billion.

     
 

Innovation

The same kind of innovative thinking that led to the invention of the abacus 5 000 years ago drives Basil Read today, allowing us to continually post earnings results above expectations. It took nearly six decades for our turnover to reach R5 billion; with innovative thinking, we’ll reach R10 billion in just another three years.

     
 

Simplicity

The advent of the wheel inspired a range of groundbreaking creations across the known world around 7 000 years ago. The same kind of simple innovative thinking keeps us on track at Basil Read as we embark on an ambitious global expansion programme throughout Europe, the Middle East and Australasia that will make us a compelling global group and double turnover by 2013.

 
   
 
 
 
       
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