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Pembury Lifestyle Group, whose auditors raised questions about its survival in May, says it will offload its retirement villages business so it can focus on private education.

In early May, the group’s delayed financial results for the year to December showed a net loss of R40.7m. Its current liabilities of R57.2m exceeded its current assets of R5.3m, said its auditor, Moore Stephens FRRS...

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