Ster-Kinekor in business rescue due to ‘economic lockdown’

Cinemas across China have been shut for six months due to the coronavirus. AFP/GREG BAKER

In a statement, business rescue practitioner of Ster-Kinekor spokesperson, Louise Brugman confirmed that the process took place with effect from Wednesday, 27 January 2021. All cinemas were required to shut down, and only permitted to reopen under strict conditions as from the end of August 2020. “These factors have meant that Ster-Kinekor has been trading at a loss, as the company continued to incur costs,” Brugman said on behalf of the company.

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Ster-Kinekor, another Covid-19 casualty, goes into business rescueAll its cinemas will remain open during the process as plans to save the company are considered But did they try to lower the price of their Popcorn and Whispers? Just to get numbers in? Another policestate Lockdown casualty from the ANC... It was on the ropes before covid . Just saying
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