A total of 18 building businesses, including one of Australia’s major construction companies Probuild, have collapsed after their South African parent company pulled all its financial support.

Add articles to your saved list and come back to them any time. Probuild creditors who are owed millions of dollars from the collapse of the construction business have been sent a proposal that the ...

Stockland has sued collapsed builder Probuild and a commercial plumbing company, alleging contractual breaches over the $116 million redevelopment of its Baldivis shopping centre. In the writ, ...

A material bidding error on major a Victorian infrastructure project was a major reason behind the collapse of construction giant Probuild. A Deloitte report to ...

An Australian building giant has been placed in administration after a disastrous high-rise project dragged it into massive debt. The grim news broke on Wednesday evening tradies called off worksites ...

Add articles to your saved list and come back to them any time. Low margins, cost blowouts, a supply chain crunch and rising prices contributed to Probuild’s collapse. Clearly the risks and ...

Deloitte Australia has backed a proposal by Probuild’s South Africa parent company to pool its commitments ensuring smaller creditors receive between 50 cents and 71 cents and other creditors between ...

Johannesburg-based Wilson Bayly Holmes-Ovcon said Wednesday it was withdrawing further funding to its Australian operations and would commence proceedings to place the business into administration.