Business rescuers aim to save 3,500 jobs at Group Five
Practitioners present a solid plan, which will be voted on later in September
A successful rescue of the ailing Group Five construction firm will save up to 3,500 jobs and improve the shortfall to creditors by R5bn.
On Friday the business rescue practitioners Peter van Steen and Dave Lake released the business rescue plans for Group Five Construction and Group Five Ltd, which are separate legal entities. Group Five Construction represents the majority of the businesses, claims and recovery value within the greater group of companies. ..