AEEI and PFB stumped by Nedbank’s termination of their banking facilities
Firms lost a bid for an urgent interdict, on Tuesday
16 February 2022 - 09:58
UPDATED 18 February 2022 - 13:03
Nedbank will cut banking ties with Premier Fishing and Brands (PFB) joining at least two rivals in turning their backs on the companies in Iqbal Surve's Sekunjalo Investments' stable and sending shares in the lobster catcher crashing.
The PFB share price dropped 28.57% to 50c on Wednesday having dipped 6.67% over the last 7 days of trade...
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.