Ster-Kinekor enters business rescue, but cinemas will stay open

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In a statement, Ster-Kinekor said its board of directors took the decision in an attempt to facilitate the rehabilitation of the company.

As a result of the Covid-19 pandemic and the lockdown instituted by government at the end of March 2020, all cinemas were required to shut down, and only permitted to reopen under strict conditions as from the end of August 2020.

It said the continued lack of content for the next four to five months meant that the business was heading for further operational and cash flow challenges.

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