Ster-Kinekor, one of SA’s two large cinema chains, has gone into voluntary business rescue, with plans to save the company, as customers stay away from movie theatres due to the Covid-19 pandemic.
Until February 2020, Ster-Kinekor “was profitable and highly cash generative, with good prospects of future, ongoing profitability,” the company said on Friday...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
That's what the anc want's is for all these big companies to close down during this covid sing along.
Was bound to happen. They did nothing to bring in customers before the pandemic and now shopping malls will sit with huge unpaid rent
Noooo
They don't target townships, so where's the growth going to come, Gauteng have over 40 Townships, only one that has a cinema, Soweto.
It was on the ropes before covid . Just saying
Another policestate Lockdown casualty from the ANC...
But did they try to lower the price of their Popcorn and Whispers? Just to get numbers in?