M&R: Was there a better salvaging exercise?
Business rescue saves core mining assets and 2,800 jobs — but critics say earlier action could have preserved more value
24 April 2025 - 05:00
It’s never a good sign when a company’s best-case scenario is “not liquidation”. After a period of significant liquidity constraints and operational setbacks, South African engineering and contracting group of companies, Murray & Roberts Holdings Ltd (M&R) has entered business rescue proceedings.
The group’s valuable mining businesses are now set to be taken over by an investor consortium led by Differential Capital...
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