Wednesday, 10 December 2008 02:00

Stefanutti wins Kusile contract

Stefanutti Stocks said that a consortium of JSE-listed companies it was leading had won a civil works contract for Eskom’s Kusile power station in Mpumalanga.

Monday, 07 July 2008 02:00

Nelspruit stadium talks to continue

No agreement was reached between 500 dismissed workers at the Mbombela stadium and the Mbombela Stadium Joint Venture (Basil Read/Bouygues Civil Works) in Nelspruit on Friday.

Construction IndustryOn Thursday it was reported that the workers and management were on the verge of a settlement.

Spokesman for MSJV Eugene du Toit said negotiations closed on Friday afternoon and talks would resume next week.

"We have settled on most situations except on the issue of the shop stewards. "We want to take disciplinary action against shop stewards who played major roles in the illegal strike due to the vandalism and losses incurred," he said.

Du Toit said this would be in terms of labour laws and they would not budge on the issue.

The National Union Of Mineworkers (NUM) said that they were on the verge of a settlement but nothing had been signed.

The 500 were fired for an illegal strike at the Mbombela stadium.

They were demanding nightshift allowances, bonuses and better working conditions.

Spokesman for the workers James Maseko said the protest followed management's refusal to pay them an R800 nightshift allowance.


Thursday, 26 June 2008 02:00

Strike at Mbombela

Angry Mbombela Stadium workers allegedly burnt a heavy duty truck, two motorbikes and a mobile guard house on Wednesday after they were dismissed.

Construction IndustryConstruction once again came to a grinding halt as a result of a labour dispute that saw 500 employees dismissed. The stadium is already 60 days behind schedule owing to a number of previous protests.

Police spokesman Dawie Pretorius said no one had been arrested. He said police had identified some suspects who would face the might of the law.

“The suspects face charges of malicious damage to property, arson and public violence,” Pretorius said.

NUM spokesman George Ledwaba said the strike, which started last Friday, was in protest against management’s threat not to pay the promised R1500 performance bonus if workers did not agree to work night shift at an allowance of R120 a month. Ledwaba said workers would only agree to work for an allowance of R800 a month.

Basil Read and Bouygues Civil Works said in a statement that they had terminated the employment contracts of all employees who took part in the strike with immediate effect.

“We have taken a difficult but necessary decision to dismiss these employees.”


Monday, 03 December 2007 02:00

Nelspruit 2010 stadium strike continues

The strike by construction workers at the Mbombela 2010 soccer stadium in Nelspruit has entered its fifth day

Friday, 16 March 2007 02:00

Basil Read thrives

Basil Read reports a 110 percent increase in headline earnings per share to 89.62 cents for 2006

Friday, 22 September 2006 02:00

Basil Read looks for R110m clawback

Rapidly growing construction group hopes to raise close to R110m through a claw-back offer

Thursday, 31 August 2006 02:00

WBHO to emulate peers with BEE deal

Construction group Wilson Bayly Holmes Ovcon is set to announce a black economic empowerment deal next month, the group said this week

Wednesday, 17 May 2006 02:00

Basil Read BEE betrayed?

Basil Read's BEE partner Metallon is trading out of shares that were acquired from Bouygues Travaux Publics. After funding costs it's likely Mzi Khumalo will walk away with R40-million.

Friday, 03 February 2006 02:00

Turnaround in Basil Read earnings

Basil Read Holdings unveils a turnaround in earnings for the year to end-December 2005, to fully diluted headline earnings per share of 42.6 cents

Thursday, 29 September 2005 02:00

High-risk deal may be rewarding

Ailing construction group Basil Read has announced that its French-based parent company, Bouygues Travaux Publics, will sell 51% of Basil Read to an empowerment consortium.

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