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14 July 2022 - 05:00
Consolidated Infrastructure Group (CIG) is a name that evokes no small degree of pain for a legion of shareholders and creditors — not to mention its founder, Raoul Gamsu.
After all, Gamsu oversaw the creation of a business that went from being a R35m brick and quarrying outfit (known then as Buildworks) to CIG, a power and infrastructure provider worth R4bn. Then a wrenching collapse saw the shares tank — and that business is now in the final stages of business rescue...
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