Stefanutti Stocks, whose funding requirements jumped to almost R1bn earlier this year mainly due to non-payment by clients, has appointed a team to develop a restructuring plan as the group battles to stay afloat.

The team will also be tasked with trying to secure additional cash...

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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now