JSE-listed construction group Basil Read’s newest residential development in Johannesburg is the latest show of interest for the affordable housing market, which is gaining the attention of government and the private sector.

Basil Read Developments has concluded another major sale at its Klipriver Business Park for R15m to Chinese Investor, New Hope South Africa (Pty) Limited.

THE deteriorating creditworthiness and affordability among South Africans has affected the appetite for advance loans for affordable houses, according to Nedbank’s affordable-housing head Jeff Lawrence.

Considered the most remote island in the world, St Helena may have its first airport by 2015 thanks to local construction giant Basil Read

CONSTRUCTION group Basil Read is set to sell its stake in Trans African Concessions, the consortium that won the concession to build, maintain and operate the Maputo corridor in 1997.