Reunert increases debt to weather Covid-19
The electronics group has opted to pay an interim dividend, albeit at a reduced level due to Covid-19 uncertainty
18 June 2020 - 14:27
Reunert has increased its debt facilities to R1bn to cushion the impact of Covid-19 on operations.
The company expects a decline in revenues as the coronavirus pandemic hits some of its businesses, especially its electrical engineering unit, which has experienced a decline in business activities. ..
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.