Great news for Ster Kinekor
Cinema group Ster Kinekor has successfully exited business rescue and has returned to solvency after 20 months. “We are very pleased that we were able to raise the necessary capital to rescue Ster Kinekor. Not only does this investment give the business a solid foundation on which to build its future, but it has also meant that some 800 jobs have been retained, and a dividend has been paid to creditors as proposed in the accepted plan.” It’s BRP said.