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. ..

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