Ster-Kinekor seeks intermission for business rescue plan as seats fill up

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The cinema chain has asked for a third extension for the publication of their plan, saying attendance is steadily growing

Ster-Kinekor has asked creditors such as landlords for a third extension for the publication of its business rescue plan, saying the unexpected growth in attendance requires a rethink of its numbers.

Movie theatres were hit hard by the Covid-19 pandemic and major releases were put off, but Ster-Kinekor’s business rescue practitioners have asked for a stay until the end of July, or another two months...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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