A South African movie-lover buys refreshments at a maskeshift shop as he attends a drive-in cinema at the rooftop, where a giant projector screen is mounted by Ster-Kinekor, South Africa's largest cinema group in Sandton, South Africa, June 24, 2021. Picture taken June 24, 2021. REUTERS/ Siphiwe Sibeko
Ster-Kinekor was placed under administration in January 2021, citing losses and financial distress due to COVID-19 and related restrictions forcing closures and prohibiting large gatherings in public spaces. Its business rescue practitioner, Stefan Smyth, said in a statement the rescue process, which returns the company to solvency, involved raising capital of 250 million rand from UK based asset manager, Blantyre Capital and from South African asset manager Greenpoint Capital.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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