BREAKING NEWS: Struggling Group Five files for business rescue

📆 12-03-19 14:20:00
📰 BDliveSA

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Group Five and peers including Basil Read and Erbacon have succumbed to a depressed construction market in which major projects have failed to materialise

Group Five has filed for business rescue. Picture: MARIANNE SCHWANKHART

The contractor and a number of its peers, including Basil Read and Erbacon, have succumbed to a depressed construction market in which major projects have failed to materialise owing to the state’s strained finances. The contractor, which was given bridge funding worth R650m from a consortium of lenders in April 2018, said its financial constraints had worsened after lenders called on guarantees relating to its disastrous Kpone power-plant project in Ghana.

Écrire un Commentaire

Group5 go speak to Edgars..

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Socially conscious' manufacturer lands major contract with the Shoprite Group | IOL Business ReportVerigreen, has been awarded a multi-million rand contract to supply 25 different products under the Shoprite Group’s Ritebrand and Housebrand labels.
La source: IOL - 🏆 46. / 51 Lire la suite »