Renergen incurs more debt as losses widen
The heavily indebted group secures a bridging loan amounting to R303m from Standard Bank
31 October 2023 - 12:53
UPDATED 31 October 2023 - 19:26
Emerging natural gas producer Renergen has had to take a bridging loan to cover expenses, as it reported worsening losses in the year to end-August and its listing in the US was delayed.
Renergen holds onshore exploration and production rights for more than 187,000ha of gas fields across Welkom, Virginia and Theunissen in the Free State...
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.