Stefanutti optimistic about Kusile contract claims

Diversified construction group Stefanutti Stocks is optimistic about a resolution on the protracted Kusile project contractual claims, saying this, together with the successful implementation of its restructuring plan, and lender support would ensure the group’s turnaround.

CEO Russell Crawford said lenders had continued to provide guarantee support for the group’s current and future projects. Stefanutti and lenders reached an agreement at the end of March to extend the capital repayment profile of the loan as well as its duration to June 30 2025...

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.

Subscribe Sign in

Cancel anytime.

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

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

SIGN UP

SIGN IN

Please read our Comment Policy before commenting.