Less than two years after exiting business rescue, SA’s largest movie exhibitor Ster-Kinekor may retrench nearly a quarter of its staff and close up to nine cinemas in Gauteng, KwaZulu-Natal and Western Cape as it battles with a drop in attendance.
In a presentation seen by Business Day, Ster-Kinekor outlined plans to rightsize the business, saying the moribund economy and the business’s financial position required it to restructure. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.