Is SA heading toward life without a construction sector?

Esor follows Group Five in confirming its impending JSE delisting, while Basil Read’s listing future is uncertain.

The decimation of South Africa’s listed construction sector is continuing, with construction and engineering company Esor confirming that it will be delisting from the JSE.

The announcement by Esor’s business rescue practitioners (BRPs) on Wednesday follows former construction heavyweight Group Five reporting last week that its listing on the JSE will be removed on June 15 and property and memorial park developer Calgro M3 confirming this week its decision to close its construction division, resulting in the retrenchment of about 150 employees. Read more here: https://www.moneyweb.co.za/news/companies-and-deals/decimation-of-listed-construction-sector-continues/

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