BREAKING NEWS: Struggling Group Five files for business rescue

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.

Group5 go speak to Edgars..

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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.
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