Group Five sells another business
The construction firm is disposing of assets in a controlled manner to ensure better returns for creditors
21 October 2019 - 18:53
Construction company Group Five is set to sell one of its businesses in a move that could see creditors receive a better payout at the completion of the company’s business rescue.
Group Five and subsidiary Group Five Construction have been in business rescue since March 2019 after they experienced financial problems due to a lack of contracts. ..
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.