Basil Read Holdings Ltd
Khathutshelo Mapasa was appointed as the CEO and Managing Director of the Company on 23 October 2017. He began his career at Basil Read in 2014 as executive officer of the mining division and an executive committee member. In this role, Khathutshelo successfully led the division to the improvement in all key indicators in a subdued sector, including a 27% revenue increase and a 34% operating profit increase in 2016, compared to the prior year. The new contracts exceeding R900 million awarded to the mining division in 2016 have made a healthy contribution to the Basil Read order book.
Prior to joining Basil Read, Khathutshelo held several domestic and international senior positions within the De Beers group. In his 16 years in the mining industry he has spearheaded various projects that resulted in business performance turnaround and improved project management, including the development and facilitation of a new business strategy to respond to market changes, ensuring both the survival and sustainable performance of businesses he has been involved in.
Khathutshelo serves on the board of directors of Argent Industrial Limited, a JSE-listed industrial company; as well as a privately owned South African Original Equipment Manufacturing company called Kwatani (formerly Joest).
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Basil Read Holdings Ltd
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Basil Read Holdings Limited (Basil Read) is a construction company. The Company is engaged in civil engineering, road construction, building, mixed-use integrated housing developments, property development, opencast mining, blasting and excavating. The Company operates through three segments: construction, mining and St Helena. The construction segment is segregated into buildings and developments, civils and plant and roads. The Company is engaged in construction of retail and office complexes, residential housing, bridges, harbor and marine works, infrastructural pipelines, apartment blocks and educational facilities, and township infrastructure, among others. The mining segment specializes in surface contract mining, which includes drill, blast, load, haul, dump, material handling and processing services to the mining, quarrying and construction industries. The Company is engaged in the engineering, procurement and construction for the St Helena Airport Project.