Labat Africa puts its Force Fuel into business rescue
The investment holding company is now focusing on the lucrative medical cannabis industry
Investment holding company Labat Africa has put its fuel energy business, Force Fuel, into business rescue after muted sales volumes, the company said on Friday.
Labat CEO Brian van Rooyen said the move is the right path to take as sales volumes have declined significantly because of the lockdown, aimed at curbing the rapid spread of coronavirus, which has led to restricted travel for consumers. ..