Basil Read CEO upbeat about capital raise, company prospects

World News: . []

Although still in the grips of a financial predicament, owing to poor construction prospects in South Africa, paired with bad debts and cash-depleting projects, local construction company Basil Read’s CEO Khathutshelo Mapasa tells Engineering News Online that he is confident about company’s future prospects. In a telephone interview on Wednesday, he outlined that, with the irrevocable backing of 55% of its shareholders and the partial underwrite from the Industrial Development Corporation for its proposed capital raise, he was confident that the company would reach the goal of raising R300-million.

Read More: http://www.engineeringnews.co.za/article/basil-read-ceo-upbeat-about-capital-raise-company-prospects-2018-02-07

Published: .

Search for other references to "basil" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us