Lawyers representing Group Five shareholders have challenged the legality of the company’s guarantee of a R650m bridging loan for a subsidiary.

When the troubled construction and engineering group went into business rescue in March 2019, the R650m bridge loan to subsidiary Group Five Construction, from a consortium of unnamed local banks, was in default...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now