Basil Read cuts staff in fight for survival

South Africa's construction sector is under immense pressure. This week alone, Group Five announced that it would slash its workforce by three thousand, while Basil Read is retrenching all staff not working on projects to cut costs.
Mohau Mphomela, Executive director at Master Builders Association North sat down with Business Day TV to share his view on the sector, and whether the accelerated state of decline it is experiencing is set to continue.
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