Stefanutti’s funding needs surge almost R600m amid Kusile woes
28 November 2019 - 08:05
Construction and engineering firm Stefanutti Stocks, whose share price has lost about 97% of its value in 2019, said on Thursday its funding requirements had jumped to R986m as it continues to struggle to secure payments from its clients.
Stefanutti, which has a market capitalisation of only R22m, said in its six months to end-August it was pursuing a restructuring plan that could include the sale of noncore assets...
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