Engineering group ELB is restructuring its business and could sell its Australian equipment unit after losses incurred at its Gamsberg zinc project.
The listed company has experienced delays and cost overruns at its Northern Cape-based project that has resulted in cash flow challenges at its engineering business. The potential sale of its Australasian operations will ease ELB’s financial problems...
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.